Uranium prices have seen a slight increase in the aftermath of Niger’s military coup against president Mohamed Bazoum with some analysts predicting more significant gains that could take the price to around $75 per pound by the third quarter of 2024.

Despite the political upheaval, mining operations have continued in Niger, which is the world’s seventh largest producer of uranium.

According to market research firm and consultancy UxC, the uranium spot price rose to $56.25 per pound this week, up from $56.15 a week earlier. While the price has doubled over the past three years, it remains far below its peak of $140 reached in 2007.