3 ms·

> France produces 70% of its electricity from nuclear and gets the majority of its fuel from Africa Over 82% of French uranium production is outside of Africa,

> France produces 70% of its electricity from nuclear and gets the majority of its fuel from Africa Over 82% of French uranium production is outside of Africa, in countries like Kazakhstan, Canada, Australia, and Russia. Gell Mann amnesia pretty much says that if you can't get basic facts right, then you should probably question the rest of your "analysis" too. > African countries loans cost 4% more than America and 8% more than Europe But also, this is too good. Basic financial literacy tells you that the risk of a loan is included in its interest rate to pay for the chance of default. How much of the African sahel is currently under active coups and civil wars in the past couple years?

woah 3y ago
But have you considered that America Bad?
realusername 3y ago
And also France was overpaying the global market uranium rate in Niger as a good gesture for keeping good political relations. They can sell it cheaper to somebody else if they aren't happy, the list of potential clients isn't that big though.
- ganeshkrishnan 3y ago
  France owns those mines in niger (Orano I think). They are not "good political relations" The uranium mined from France itself is of low quality and uranium from AU/CA has too high shipping charges. Also 30% of uranium to France came from Niger in 2022. For EU as a whole (I think) it was closer to 40%
  - reducesuffering 3y ago
    No, 2022 was 20% from Niger [0], and EU is 25% [1]. I'll also correct my stats for the latest 2022 year, in which 64% was outside Africa. It fluctuates moderately, like Namibia greatly increasing last year. [0] https://www.lemonde.fr/en/les-decodeurs/article/2023/08/04/how-dependent-is-france-on-niger-s-uranium_6080772_8.html https://www.lemonde.fr/en/les-decodeurs/article/2023/08/04/h... [1] https://www.reuters.com/world/europe/eu-sees-no-immediate-risks-if-niger-cuts-uranium-supplies-2023-08-01/ https://www.reuters.com/world/europe/eu-sees-no-immediate-ri... GP is right that France is playing plenty to keep things smooth with Niger. Niger's entire export economy is based purely on uranium. Meanwhile, to France, it's just the 7th largest global supplier of one commodity. What we're seeing is the foolish hubris of certain people in Niger trying to crank out more profits (the only ones they have), failing to realize that there are six other bigger suppliers in this market. The prices get set fairly, they just don't like it because they have nothing else to further their standard of living, until they actually build a functioning economy. They're antagonizing the hand that feeds them, and if you don't do mutual beneficial trade, France will seek stable supplies elsewhere, while Niger suffers the opposite of what they unfairly wanted.

woah 3y ago

But have you considered that America Bad?

realusername 3y ago

And also France was overpaying the global market uranium rate in Niger as a good gesture for keeping good political relations. They can sell it cheaper to somebody else if they aren't happy, the list of potential clients isn't that big though.

ganeshkrishnan 3y ago
France owns those mines in niger (Orano I think). They are not "good political relations" The uranium mined from France itself is of low quality and uranium from AU/CA has too high shipping charges. Also 30% of uranium to France came from Niger in 2022. For EU as a whole (I think) it was closer to 40%
- reducesuffering 3y ago
  No, 2022 was 20% from Niger [0], and EU is 25% [1]. I'll also correct my stats for the latest 2022 year, in which 64% was outside Africa. It fluctuates moderately, like Namibia greatly increasing last year. [0] https://www.lemonde.fr/en/les-decodeurs/article/2023/08/04/how-dependent-is-france-on-niger-s-uranium_6080772_8.html https://www.lemonde.fr/en/les-decodeurs/article/2023/08/04/h... [1] https://www.reuters.com/world/europe/eu-sees-no-immediate-risks-if-niger-cuts-uranium-supplies-2023-08-01/ https://www.reuters.com/world/europe/eu-sees-no-immediate-ri... GP is right that France is playing plenty to keep things smooth with Niger. Niger's entire export economy is based purely on uranium. Meanwhile, to France, it's just the 7th largest global supplier of one commodity. What we're seeing is the foolish hubris of certain people in Niger trying to crank out more profits (the only ones they have), failing to realize that there are six other bigger suppliers in this market. The prices get set fairly, they just don't like it because they have nothing else to further their standard of living, until they actually build a functioning economy. They're antagonizing the hand that feeds them, and if you don't do mutual beneficial trade, France will seek stable supplies elsewhere, while Niger suffers the opposite of what they unfairly wanted.