French nuclear fuels company Orano, which operates uranium mines in the West African country, said last week its activities were ongoing despite the coup.
The spot price is little changed also because Orano sells uranium on long-term contracts and the summer months are slow in the spot market, said Jonathan Hinze, president of UxC.
"All indications would be that this would be a catalyst for upward moves in the uranium price given the overall tight supply/demand balance in uranium at this time."
Niger was the second-largest supplier of natural uranium to the EU last year, Euratom said.
On Monday, the junta that seized power in Niger last week detained senior politicians, including the mines minister, defying international calls to restore democratic rule.
Persons:
UxC, Orano, Jonathan Hinze, Euratom, Eric Onstad, Emelia Sithole
Organizations:
REUTERS, Reuters Connect, Nigerien, Reuters, European Union, EU, Thomson
Locations:
Niamey, Niger, West, France, Europe