Uranium Miners Surge as Global Demand Ignites Momentum on ASX200

June 16, 2025 04:40 PM AEST | By Team Kalkine Media

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Uranium Miners Surge as Global Demand Ignites Momentum on ASX200 — Image source: Shutterstock

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Highlights

Uranium miners led gains on the ASX200

Deep Yellow surged over 20% on demand boost

Global uranium fund expansion drives price optimism

Uranium stocks outperformed on the ASX200 in Monday afternoon trade, lifted by a surge in investor interest in nuclear energy and commodity-focused funds. This rally came in the wake of renewed activity by the world’s largest physical uranium investment vehicle, further fueling momentum for uranium-exposed miners on the Australian Securities Exchange.

At the forefront of the market’s gains was Deep Yellow (ASX:DYL), which surged by 21% to reach AUD $1.60 as of 3:35pm AEST. The company’s performance marked it as the top gainer across the ASX200 index, underscoring heightened enthusiasm in the uranium sector.

Close behind was Boss Energy (ASX:BOE), which recorded a 16.4% rise, lifting its share price to $4.30. Paladin Energy (ASX:PDN) also saw significant traction, climbing 15.4% to $0.97. Overall, the broader energy sector posted a strong 5.7% gain, supported by both uranium momentum and global oil supply concerns.

The uptick in investor sentiment followed the announcement by the Sprott Physical Uranium Trust to raise an additional US$100 million (approximately AUD $154 million) to acquire more physical uranium. This substantial capital infusion signals ongoing confidence in the long-term demand outlook for uranium as a key resource in clean energy transition strategies.

While uranium stocks opened strong on Monday, the momentum carried through the afternoon as market participants reacted to the fund’s expansion plan. Industry observers believe this influx of capital could push the uranium spot price — currently around US$70 per pound — toward the mid-US$80s in the near term.

The geopolitical backdrop also played a supporting role. Rising tensions in the Middle East, particularly involving Iran and Israel, contributed to upward pressure on energy prices globally, indirectly reinforcing the bullish tone for uranium alongside traditional energy assets.

This wave of optimism swept through the ASX200, spotlighting the uranium sector as a potential long-term growth area. With investor focus now zeroing in on physical uranium accumulation and its strategic importance in the decarbonisation journey, Australian-listed uranium miners appear well-positioned to benefit from the evolving global energy narrative.

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