No 1 source of global mining news and opinion
Shares of Australian uranium miners surged for a second day on Tuesday after Microsoft signed a deal to help resurrect a US nuclear power plant, fueling hopes that growing demand from big tech firms for green power could fuel demand for nuclear energy.
Big Tech’s growing love affair with technology like artificial intelligence is resulting in a surge in electricity demand to power data centres, with relatively clean energy sources like nuclear power becoming more popular. Paladin Energy, Australia’s biggest pure-play uranium miner in terms of market value, advanced 9.5% after a roughly 5% gain in the previous session, while Deep Yellow jumped 8.5% to scale a more than seven-week high.
Demand expectations for uranium have climbed after more than 20 nations vowed to triple nuclear capacity by 2050 at the COP28 Climate Summit in Dubai late last year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
From Australian coal miner to SMU: Isaac Pearson's football storySMU punter Isaac Pearson is living his football dream after leaving a job in the Australian coal mines to play college football in Texas.
Read more »
Australian EV Market Dips in August, New Zealand SteadyThe Australian Electric Vehicle market has dipped in August, as the New Zealand market remains subdued but steady.
Read more »
Australian EV Sales Slow Down, PHEVs RiseDespite positive news coverage, battery electric vehicle (BEV) sales in Australia saw a decline in August, while plug-in hybrid electric vehicle (PHEV) sales increased. This trend reflects a global shift towards PHEVs due to concerns about range anxiety and charging infrastructure.
Read more »
Australian Dollar rises after US CPI, RBA signalsThe AUD/USD rose by 0.25% to 0.6670 on Wednesday as markets reacted to the release of US inflation data and comments from the Reserve Bank of Australia (RBA).
Read more »
Australian Dollar remains solid following the soft Consumer Inflation ExpectationsThe AUD/USD pair gains ground following soft Consumer Inflation Expectations from Australia released on Thursday.
Read more »
Elon Musk calls Australian government ‘fascists’ over misinformation lawSocial media companies should be doing more to cooperate with the Australian government, the country’s spy boss said as tension grew between Elon Musk and Australian leaders.
Read more »