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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.