Namibia's uranium exports reach historic high in early 2026
via The Namibian1 min read
Namibia achieved its best start to a year for uranium exports in recorded history during the first quarter of 2026, exporting over six million pounds of uranium oxide concentrate. This increase in production over the past two years coincides with a significant rise in uranium prices, which have moved from approximately US$20-30/lb a decade ago to over US$80/lb. This development is timely for Namibia, as uranium is helping to offset challenges in the diamond sector by contributing to the balance of payments and national fiscus. The country currently operates three uranium mines in the Erongo region: Husab, Rössing, and Langer Heinrich. Langer Heinrich resumed production in March 2024 after being on care and maintenance since 2018, with full production targeted around 2027. Husab, Namibia’s largest uranium producer, is also expected to increase output. Future production is anticipated from projects like Bannerman’s Etango and Deep Yellow’s Tumas, which are awaiting final investment decisions. Other potential sources include Orano’s Trekkopje and longer-term projects such as Forsys’ Norasa and Elevate Uranium’s Koppies. These factors suggest a strong future for Namibia as a leading uranium producer.
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This summary was AI-generated from a story originally published by The Namibian.
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