Uranium stocks dumped as market ‘paralysis’ intensifies
The ASX’s beaten-up uranium sector is braced for a fresh blow from US President Donald Trump’s next round of tariffs, which threaten to dislocate physical markets and further delay a hotly anticipated bull run.
The sell-off is feeding into the hands of hedge funds, which are heavily shorting the industry in Australia, including about a quarter of the shares outstanding on Boss Energy.
Traders have been preparing for Trump’s 10 per cent tariff on Canadian energy exports to kick in tonight (Thursday AEDT) as part of his so-called Liberation Day. Despite the president initially threatening 25 per cent tariffs on Canadian uranium, the levies are still expected to rock the physical market, given the US is the world’s largest uranium buyer.
The anxiety accelerated a sell-off in ASX uranium stocks on Wednesday that sent Paladin Energy plunging 3.3 per cent to $4.66. Boss Energy fell 3.4 per cent to $2.30 and Peninsula Energy 5.9 per cent to 63.5¢.
Prices of the nuclear fuel have already collapsed 40 per cent from a 16-year-high above $US106 a pound last year to now sit at $US64.25 a pound.
And uncertainty about the scope and duration of Trump’s coming levies has intensified concerns about demand for the metal, given US nuclear power plants rely on Canada for more than a quarter of their uranium requirements – more than any other source, according to Bloomberg.
That has caused US utilities – nuclear power plant operators that are the primary buyers of uranium – to halt purchases of the nuclear fuel, sparking concerns that they will eventually run out of inventory……………………………………….
Uranium stocks have been under fire since January when reports emerged that Chinese artificial intelligence disruptor DeepSeek was developed at a fraction of the cost and computing power of OpenAI’s equivalent model.
Investors were concerned that if AI became more efficient, it would reduce overall power consumption and therefore demand for uranium – a key ingredient in nuclear reactors being developed by tech giants such as Google, Meta and Amazon.
That price weakness has attracted the attention of hedge funds, and the ASX’s largest uranium producers – Boss Energy and Paladin Energy – are the most shorted stocks in Australia.……………………………………
Uranium stocks went on a tear in late 2023 and early last year amid concerns about supply shortages and renewed demand from Western countries turning to the energy source to meet their net zero commitments.
That dynamic led to a flood of bets that the uranium sector would be stuck in a deficit for years to come, which would boost prices………………………………………https://www.afr.com/markets/commodities/uranium-stocks-dumped-as-trump-fears-intensify-market-paralysis-20250402-p5lofe
Nuclear news this week – not industry handouts
Some bits of good news.
Girl Goals: What Has Changed for Girls?Adolescent girls’ rights over 30 Years
Fighting malnutrition in Burundi: Mothers of Light are rays of hope .
A study found we underestimate how kind the world really is
TOP STORIES. Once seen as a symbolic protest, the nuclear ban treaty is growing teeth. Nuclear war threat: why Africa’s pushing for a complete ban.
Nuclear Threat Beneath The Seas.
Walt Zlotow – Why do so many leaders remain stupid about Ukraine war?
SMRs most expensive of all electricity technologies per kW generation.
PLANT VOGTLE The True Cost of Nuclear Power in the United States –Extract at
https://nuclear-news.net/2025/04/04/plant-vogtle-the-true-cost-of-nuclear-power-in-the-united-states/
Climate. Global warming is ‘exposing’ new coastlines and islands as Arctic glaciers shrink . Climate crisis on track to destroy capitalism, warns top insurer. Average person will be 40% poorer if world warms by 4C, new research shows.
AUSTRALIA. Trump tariffs spark questions over US alliance. This ain’t no April fools: Nuclear support melts down in proposed nuclear communities. More Australian nuclear news at https://antinuclear.net/2025/04/01/australian-nuclear-news-april-1st-7th/
NUCLEAR ITEMS.
ATROCITIES. International pressure forces Israel to change account of Gaza medics’ killing. What really happened in Bucha? The questions Western media won’t ask.
ECONOMICS.
- Cost of EPR2 : Reporterre publishes a censored alert. Mini nuclear reactor rush has a short half-life – ALSO AT https://nuclear-news.net/2025/04/06/2-b1-cost-of-epr2-reporterre-publishes-a-censored-alert/
- Buyer sought for nuclear energy developer as it collapses into administration.
- Miliband pours £2.7bn into Sizewell nuclear power projectafter EDF cuts stake. https://nuclear-news.net/2025/04/06/2-b1-cost-of-epr2-reporterre-publishes-a-censored-alert/ UK Treasury confident Sizewell C nuclear power investors will soon be ‘teed up’ – crunch time for Sizewell. ALSO AT https://nuclear-news.net/2025/04/03/1-b1-uk-treasury-confident-sizewell-c-nuclear-power-investors-will-soon-beteed-up-crunch-time-for-sizewell/
- UPDATE ON THE BANKRUPTCY OF USNC – Ultra Safe Nuclear.
- ‘Greedy landlords are cashing in and forcing us out of town’.
| EDUCATION. Hinkley C nuclear power station site teaches A Level students about “clean” energy !! |
| ENVIRONMENT. ‘They’re everywhere’: workers warn of rat infestation at Somerset nuclear plant. |
| EVENTS. Local Communities Say NO to Los Alamos National Laboratory (LANL Expansion); Public Comments Due on Thursday, April 10th. “Getting people to do what they can from where they are”: NFLAs support Democracy Day inspiring peace activists to make Councils anti-nuke allies-14-26 April – Lakenheath Peace Camp https://nuclearactive.org/ |
| HISTORY. ‘Bringing calm and hope’: President Carter’s role at Three Mile Island |
| LEGAL. Deloitte seeks to avoid liability over US nuclear fiasco – ALSO AT https://nuclear-news.net/2025/04/06/2-b1-deloitte-seeks-to-avoid-liability-over-us-nuclear-fiasco/ Atomic Safety and Licensing Board (ASLB) rejects intervenors’ Palisades “zombie” nuke reactor restart petition & hearing request. |
| MEDIA. Canada supplied uranium for atomic bombs in WWII — 80 years later, the cleanup continues – film Atomic Reaction. |
OPPOSITION to NUCLEAR . The great trek for justice.
Resistance to nuke dump grows in South Copeland.
POLITICS.
- Germany’s Conservative Christian Democratic Union (CDU) mulls reactivation of nuclear power plants.
- Democracy should not be an April Fools’ Day Joke! ‘Another significant show of confidence’ in Sizewell C, – making the total of taxpayers’ money going into the project a staggering £6.4bn).
- Federal regulator approves Canada’s first small modular reactor.
POLITICS INTERNATIONAL and DIPLOMACY. Iran rejects ‘meaningless’ direct talks with US. With US bombers at the ready, can Trump cut a deal with Iran and avoid a war? Trump’s bombing threat over Iran nuclear programme prompts backlash. Military confrontation ‘almost inevitable‘ if Iran nuclear talks fail: French FM. Iran rejects direct talks with the US over its nuclear programme. Trump Threatens Iran With ‘Bombing’ If Nuclear Deal Is Not Reached.
EUROPE’S DESPERATE GAMBIT. If the Europeans are serious about peace, they should invite Zelensky to fewer meetings. TRUMP’S PURSUIT OF A UKRAINIAN PEACE: Early Results and Future Prospects.
Why Ontario won’t consider the nuclear option in its fight over Trump’s tariffs.
China or America-Who is the warmonger?
The West has big plans for nuclear power: Will geopolitics play ball
SAFETY. Unsafe for Russia to restart Zaporizhzhia nuclear plant, says Ukraine energy chief.
Pearl Harbor update brings nuclear risk.
Nuclear site given more time to fix safety breach.
SECRETS and LIES.
- Britain sent over 500 spy flights to Gaza.
- Biden Lied About Everything, Including Nuclear Risk, During Ukraine Operation.
- Meltdown: the toxic culture that helped destroy the Nuclear Advanced Manufacturing Research Centre (AMRC).
- Russian sensors suspected of attempting to spy on the UK’s nuclear submarines have been found hidden in the seas around Britain – ALSO AT https://nuclear-news.net/2025/04/07/1-russian-sensors-suspected-of-attempting-to-spy-on-the-uks-nuclear-submarines-have-been-found-hidden-in-the-seas-around-britain/
SPACE. EXPLORATION, WEAPONS. Swarms of satellites are harming astronomy. Here’s how researchers are fighting back.
| TECHNOLOGY. Bavarian SMRs & Hydrogen Vans: What Could Possibly Go Wrong? |
| URANIUM. Uranium stocks dumped as market ‘paralysis’ intensifies. |
| WASTES Inside the bizarre race to secure Earth’s nuclear tombs. Cumbria could be only option for nuclear disposal. Millom nuclear waste plans ‘currently detrimental’ to locals-ALSO AT https://nuclear-news.net/2025/04/06/2-b1-millom-nuclear-waste-plans-currently-detrimental-to-locals/ Recycling Nuclear Waste: A Win-Win or a Dangerous Gamble? Plutonium The true story of the demon core – https://www.youtube.com/shorts/9FEFGlBZBwg |
| WAR and CONFLICT. It’s Official: Ukraine Conflict is British ‘Proxy War‘. Germany deploys troops to Russia’s doorstep for first time since the Nazis. Hegseth Orders Pentagon To Focus on Preparing for War With China Over Taiwan. Hegseth Circulated Secret Pentagon Memo On Preparing For War With China. |
| WEAPONS and WEAPONS SALES. The future of Europe won’t be shaped by mushroom clouds – why nuclear weapons don’t provide security – https://www.youtube.com/watch?v=M4Cx5O1yfoo Britain is aiding Israel’s nuclear force. UK nuclear deterrent: the mutual defense agreement is at risk in a Trumpian age. |
1 This month
of the week – Disrupting War & Militarism in Oceania. Active solidarity. Radical practice.
Antinuclear 