Singapore Forum director MN Firzli joined Asharq News with Bloomberg for an exclusive interview on “uranium price dynamics in a fractured world economy”.

Kazakh mining giant Kazatomprom, by far the world’s leading producer and exporter of uranium, with 35%+ of the market, now expects production shortfalls for the next two years, and France, once a uranium mining powerhouse, was kicked out from Niger rather humiliatingly, losing access to 7% of the world’s output … etc.

Firzli believes “medium term supply anxieties linked to the situation in Kazakhstan and Niger won’t stop the great nuclear renaissance we’re witnessing in nations as diverse as Sweden, Finland, India, Saudi Arabia, France, Britain, Russia & the United States”.

“Unlike wind turbines and solar panels, nuclear power plants never freeze in the winter or get obscured by clouds”! Nuclear power offers a robust, reliable, cost-efficient, and scalable source of renewable energy.

The only caveat, in the eyes of US and EU policy planners and national security experts, has to do with the fact that “NATO friendly nations” only account for 20% of the world’s supply of uranium: Australia 13% and Canada 10%… Central Asia, Russia, China and Sub-Saharan Africa controlling more than 70% of the world’s uranium ores: “a balance of power seemingly difficult to accept for neoconservative policy makers in Whitehall and the White House”!

https://now.asharq.com/clip/الفرزلي-صعف-إنتاج-اليورانيوم-سيؤخر-الاعتماد-على-الطاقة-النووية