Amazon Bet on Nuclear Fuels Jump in Mining Stocks -- Market Talk

Dow Jones

2024-10-17

0501 GMT - Deals by Amazon.com to back nuclear-power projects across the U.S. are fanning uranium mining stocks Down Under. Uranium demand is forecast by Canaccord Genuity to rise roughly 3.5% a year to 2035 from traditional reactors. "However, big tech could supercharge this," Canaccord analysts say in a note. Paladin Energy is up 10% at A$12.97/share. Boss Energy is up 6.1% at A$3.63/share. Deep Yellow rises 8.0% to A$1.55/share. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

October 17, 2024 01:01 ET (05:01 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Uranium demand is forecast by Canaccord Genuity to rise roughly 3.5% a year to 2035 from traditional reactors. \"However, big tech could supercharge this,\" Canaccord analysts say in a note. Paladin Energy is up 10% at A$12.97/share. Boss Energy is up 6.1% at A$3.63/share. Deep Yellow rises 8.0% to A$1.55/share. 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Uranium demand is forecast by Canaccord Genuity to rise roughly 3.5% a year to 2035 from traditional reactors. \"However, big tech could supercharge this,\" Canaccord analysts say in a note. Paladin Energy is up 10% at A$12.97/share. Boss Energy is up 6.1% at A$3.63/share. Deep Yellow rises 8.0% to A$1.55/share. 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