Monsters of Rock: Euroz Turns Bullish on Uranium with Boss, While Canaccord Lowers Lithium Price Predictions

March 17, 2025 11:00 AM AEDT | By Team Kalkine Media

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Monsters of Rock: Euroz Turns Bullish on Uranium with Boss, While Canaccord Lowers Lithium Price Predictions — Image source: shutterstock

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Highlights:

Boss Energy Faces Market Challenges: Boss Energy (ASX:BOE) experiences high short interest despite achieving strong operational performance in uranium production.

Lithium Market Forecast Adjustments: Canaccord Genuity revises expectations, projecting extended supply surpluses due to shifts in EV demand and regulatory changes.

Iron Ore Sector Activity: Rio Tinto's Robe River JV expresses interest in CZR Resources' Robe Mesa project, indicating potential strategic maneuvers.

Boss Energy (ASX:BOE) remains in focus amid fluctuations in the uranium market. The company has reported strong operational performance at its Honeymoon and Alta Mesa projects, yet its stock continues to experience significant short interest. Spot uranium prices have shown volatility, declining from earlier highs in the year. While some perspectives remain optimistic regarding long-term value, varying outlooks persist. Recent evaluations reflect differing views on the company's position in an evolving market environment.

Lithium Market Outlook

Canaccord Genuity has adjusted its outlook on the lithium sector, indicating that supply surpluses could extend for several years. This reassessment accounts for various factors, including changes in electric vehicle adoption rates and policy adjustments affecting the broader battery materials market. Lithium prices had previously experienced significant growth, but expectations now point to an extended period of supply outpacing demand before equilibrium is reached.

Iron Ore Sector Developments

The iron ore industry continues to see significant activity, with Rio Tinto’s Robe River JV expressing interest in CZR Resources (ASX:CZR)ar’ Robe Mesa deposit. This development follows an earlier abandoned takeover attempt by Fenix Resources. The increased attention from major industry players highlights ongoing strategic movements within the sector. The Pilbara region remains a key area of focus for industry expansion and resource development.

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