Why these 2 ASX uranium shares are leaping higher again today

ASX uranium shares have broadly outperformed the market in 2021. And 2 of the biggest ASX uranium shares are gaining once more, charging higher in late afternoon trade.

The Paladin Energy Ltd (ASX: PDN) share price is up 9.03% at time of writing, trading at 51 cents per share.

The Boss Energy Ltd (ASX: BOE) share price is also running hot, up 6.9% to 15.5 cents per share. What’s driving investor interest in ASX uranium shares?

Demand for nuclear fuel plummeted following Japan’s earthquake and tsunami driven Fukushima nuclear disaster in 2011. Which spelled bad news for ASX uranium shares in the aftermath.But as the world is increasingly focused on decarbonising, uranium is back in the spotlight. And prices have been steadily rising since hitting lows of US$24 per pound in February 2020, up to US$32.30 per pound currently.Atop growing interest in new nuclear power plants in the United States under […]

Click here to view original web page at www.msn.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.