ASX uranium stocks go gangbusters as the world turns to nuclear energy
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ASX uranium stocks go gangbusters as the world turns to nuclear energy

Australia’s three biggest uranium shares have hit 10-year highs in 2023

By Bronwyn Allen
Tue, Oct 31, 2023 10:49amGrey Clock 3 min

Uranium is set to play a major role in the world’s green energy transition, with many nations proactively developing their nuclear energy capacity to reduce their reliance on fossil fuels for power generation in the future.

Whilst most nations are pursuing renewables and green energy storage systems as their definitive long-term solution for climate change, it is likely not possible to develop enough wind and solar technology and infrastructure quickly enough to replace fossil fuels in time to meet 2050 net-zero emissions targets.

On top of this, volatile oil and gas prices amid supply uncertainty have enhanced the interest in nuclear power. The pandemic and Russia-Ukraine conflict created significant oil supply disruptions, OPEC has recently placed limits on production, and the Israel-Gaza war may make the situation even worse. AMP Chief Economist Shane Oliver says the global oil price could rise to US$150 per barrel – up from the low $80 range today – if Israel and Iran commence a military engagement.

Against this backdrop, nations are rushing to embrace nuclear technology to act, at least, as an initial first step on the road to a green energy future. According to the International Atomic Energy Agency (IAEA), there are approximately 440 reactors in operation across 32 countries today, with 56 new ones under construction. Monash Investors estimates there are another 100 reactors in the advanced planning stages across 17 countries. China alone is expected to build 32 new reactors by the end of the 2020s.

Surging demand for uranium has been met with low existing inventories. This has created a perfect storm for the global uranium price, which is now at a 12-year high of US$73 per pound. The rising uranium price has made it economical for many mining companies to restart dormant mines and develop new ones in the face of new and likely ongoing long-term demand. “We see prices rising year-on-year for the next 10-20 years or till the world finds another source for large scale uninterruptible base load power with a low carbon footprint,” SP Angel mining analyst John Meyer told Reuters recently.

All of this has led to skyrocketing share prices for ASX uranium stocks this year.

In Australia, nuclear energy is banned. The Federal Opposition has been arguing to include nuclear energy in the mix for Australia’s own green energy transition. The Albanese Government disagrees, advocating for continuing renewables development instead. Federal Energy Minister Chris Bowen says developing local nuclear energy production is too expensive. He says recent modelling shows it would cost $387 billion to replace Australia’s coal-fired power plants with small modular reactors.

 

Australia’s 3 largest ASX uranium stocks

 

The three biggest pure-play uranium shares on the ASX have outperformed the broader market exponentially in 2023. While the S&P/ASX 200 Index has lost 2.5% of its value, Australia’s biggest listed pure-play uranium miners have exploded with share price growth of 40% to 115% between them.

 

Paladin Energy

Paladin Energy is the biggest pure-play uranium stock listed on the ASX, with a market capitalisation of $2.81 billion. The Paladin Energy share price closed on Monday at 95 cents, up 43% in 2023 so far. The stock reached a decade-high price of $1.15 in September.  According to a survey of analysts on CommSec, five out of seven analysts covering Paladin Energy shares rate them a strong buy.

 

Boss Energy

Boss Energy has a market capitalisation of $1.59 billion. The Boss Energy share price closed on Monday at $4.37, up 115% in 2023. It hit an all-time record price of $4.98 in September. Three out of six analysts covering Boss Energy shares rate them a hold.

 

Deep Yellow

Deep Yellow has a market capitalisation of $963 million. The Deep Yellow share price closed yesterday at $1.27, up 85% in 2023. The stock cracked a 10-year high of $1.41 per share in October.  Three out of three analysts covering Deep Yellow shares rate them a strong buy.



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Aston Martin’s Muscular Vantage Is a Combination of Sophistication and Aggression
By JOHN SCOTT LEWINSKI
Thu, May 16, 2024 4 min

Aston Martin builds all of its cars with a peak blend of performance and luxury. Still, their six-figure creations can lean more aggressively into one side or the other of that simple recipe.

For example, the DBD707 SUV hides a 4-litre V8 engine capable of 697 horsepower, but its overall size and endless creature comforts nuzzle a little closer to luxury’s embrace. The small-batch Valour muscles up on the performance scale with its prized manual transmission and 5.2-litre, 705 horsepower V12 power plant. Meanwhile, the recently redesigned DB12 is the company’s best attempt at splitting the performance-luxury gambit right down the middle.

Amid all of those supercar machinations, the Aston Martin Vantage sneaks away to play as the most performance-centric car coming out of the Gaydon, England, factory. Redesigned for 2025, the US$191,000 coupe reasserts itself as the most dedicated “driver’s car” in a very driver-friendly line. Should this be in pounds first?

During a road drive and speed testing event at Spain’s Circuito Monteblanco about an hour outside of Seville, the new Vantage proved itself as Aston Martin’s most accessible track-day companion.

Aston Martin is the most accessible day-track companion. Aston Martin

A first look at the latest addition to its very elite Warwickshire family pulls the eyes right to the newly extended rear wells that jut out around 21-inch, forged alloy wheels. While widening the car’s haunches, the wheel positioning reduces unsparing weight and gives the new Vantage a much more athletic pose.

Beyond that muscular base, the Vantage continues the modern Aston Martin styling tradition of riding the razor’s edge between aggression and sophistication. While the car’s Italian and Swedish rivals opt for prominent fins and big scoops, Aston’s designers keep the lines low, wide, and balanced from the signature highlighted grille to the understated aerodynamic spoiler.

In the performance specs department, the Vantage now packs an AMG-built, 4.0-litre, V8 twin turbo, front-mid mounted engine, capable of 656 horsepower, and a top speed of 202 miles per house and a 0 to 60 mph time of 3.4 seconds.

According to James Owen, Aston Martin’s senior manager of Vehicle Engineering, if the DB12 is the automaker’s distinguished overachiever, the Vantage is its less responsible, but equally attractive pugnacious sibling.

“The DB12 is a sports tourer and is positioned in the market as a GT,” Owen says. “It’s important for us to differentiate between Vantage and the DB12—to make sure that difference is clear for buyers and enthusiasts”

Owen describes the larger, pricier DB12 (starting MSRP of US$245,000) as more refined, while he considers the 2025 Vantage as playful and passionate. He even uses the word “brutish,” if such a term can be used for a technology-stuffed, six-figure sports car.

“The word that we keep hearing when talking about the Vantage is ‘fun,’” Owen adds. “That’s what we wanted to hear. We wanted to create a car that pulls at the heartstrings because it’s so enjoyable to drive. But, we wanted it to have a challenging character to it.”

Previous versions of the Vantage fit that punkier image. While always built for speed and powerful acceleration, the last couple editions of the Vantage were a little more harsh. The steering seemed more aggressive—demanding more input from the driver. The suspension felt tighter, deliberately transmitting more of the road’s surfaces and imperfections into the driver’s backside. If any current car in the Aston Martin line is a direct descendant of the automaker’s racing pedigree at Le Mans or in F1, it’s the Vantage.

Still, amid all this talk of driving fun and racing performance, Owen is quick to remind drivers that the Vantage is still an Aston Martin— steeped in the company’s signature identity of sophistication as the grownup’s more dignified supercar.

“The Vantage also has that added feature in its wheelhouse,” Owen explains. “Yes, it will respond to a driver pushing it in a racing scenario, but—with the technology we built into the car to stabilise the body at its most comfortable driver mode settings – the Vantage is still a very pleasant place to be.”

In keeping with such pleasantness, the interior of 2025 Vantage bears no resemblance to any race car. Handmade and stitched Haircell Leather stretches in all directions in any colour the buyer prefers. The Sports Plus Seats are 8-way adjustable with heat or cooling on demand. The complete infotainment suite featuring the official Aston Martin Audio system from Bowers & Wilkins is a step up from the previous Vantage (and the current DB12).

The interior includes an infotainment suite featuring the official Aston Martin Audio system from Bowers & Wilkins. Aston Martin

Once the internal comforts and engineering feats come together, the experience behind the wheel is a sensual union of car and operator. Acceleration is smooth, yet immediate. The cornering is focused and nimble, and its rear-wheel drive allows for just enough play for the occasional drift at speed in turns.

A key piece of Aston Martin technology makes the Vantage’s elite performance potential accessible to more drivers. The ESP System (Electronic Stability Programme) debuted in the DB12, and the Vantage adopts the tech to its driver mode system. ESP takes information from multiple sensors around the vehicle, feeding the accelerometer data into a computerised concept of the car’s driving conditions and the ability of the operator.

Resulting algorithms react to those conditions, road surface issues, available grip, etc., tightening up the vehicle where necessary to aid the driver and offer as much feel and performance as the given operator can manage.

In its completed package, the 2025 Vantage is aimed at a specific buyer demographic—the driving enthusiast who puts thrills ahead of all-out creature comforts.

“For each project at Aston Martin, we have a customer profile in mind,” Owen says. “They have defined interests that highlight their demographic. For the Vantage, we consider a buyer who is perhaps new to the brand and looking into the ‘entry level’ Aston Martin. That’s a buyer who isn’t concerned with having a backseat or the DB nameplate. He or she thinks performance first and foremost.”

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