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Macquarie: AI data center electricity demand is driving up uranium prices, optimistic about Australian uranium producers such as Paladin

Macquarie: AI data center electricity demand is driving up uranium prices, optimistic about Australian uranium producers such as Paladin

汇通财经汇通财经2026/05/25 04:02
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(1) Macquarie stated that the continuous growth of AI data center power consumption has boosted the demand for nuclear energy fueled by uranium. Australian uranium producers Paladin Energy and developers Bannerman Energy and Deep Yellow are expected to benefit from a favorable uranium price environment. (2) The firm upgraded Paladin's rating from Neutral to Outperform, noting that its stock implies a uranium price of 77 USD per pound, lower than the spot price of 84 USD, and considers it an "excellent way to invest in both the uranium cycle and the AI mega-trend." (3) Macquarie also upgraded Boss Energy's rating from Underperform to Neutral, stating that although concerns remain regarding the resource downgrade of its Honeymoon uranium project and the new feasibility study, these factors are now more fully reflected in the stock price outlook.
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