Why ASX uranium shares are eyeing China’s US$450 billion energy plan

Why ASX uranium shares are eyeing China’s US$450 billion energy plan

ASX uranium shares have, broadly, trounced the benchmark returns this past year. Take Paladin Energy Ltd (ASX: PDN) , for example.

The Aussie uranium producer has seen its share price surge an eye-popping 659% over the past 12 months. That’s brought its market cap north of $2.7 billion.

Then there’s Boss Energy Ltd (ASX: BOE) . The Boss Energy share price has surged 475% since this time last year.

And with a year-on-year share price gain of 224%, ASX uranium share Deep Yellow Limited (ASX: DYL) also stands far above the 16% returns delivered by All Ordinaries Index (ASX: XAO) over that same time.But with such a strong run behind them, can these ASX uranium shares continue to grow? All eyes on China While most of the developed world has put a pause on new nuclear power plants, China is forging ahead at record pace.And with Glasgow’s COP26 Climate Summit turning up […]

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