Uranium miners continue rally after US nuclear executive orders
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The news: Uranium miners are leading the ASX 200 for the second session in a row after US President Donald Trump signed four executive orders to accelerate nuclear energy developments and innovation.
The numbers: Deep Yellow is leading gains with a share price rise of 14.46% to $1.42 at 11:24am AEST. It is followed by Paladin Energy, up 13.08% to $6.52, and Boss Energy was 11.18% higher at $4.42.
The context: Uranium miners led gains on the ASX 200 on Friday following news of the impending executive orders and have continued to rally following their signing early on Saturday morning (AEST).
Among the new directives is an 18-month deadline for evaluating and approving licences for construction and operation of new nuclear reactors and a 12-month deadline for continued operation of existing reactors.
Trump wants to expand the US’ nuclear energy capacity from around 100GW today to 400GW by 2050.
The sources: ASX, White House fact sheet
