Australian uranium market sees surge as demand and investment rise

Global nuclear power construction is accelerating, with about 80 reactors under build and many more planned, prompting expectations that uranium demand will more than double by the late 2020s. Supply constraints have led analysts such as Sprott to describe the market as “inherently de‑risked” for producers.

On the Australian Securities Exchange, companies are positioning to fill the gap. Alligator Energy reported a successful field‑recovery trial in South Australia, delivering high‑grade uranium solutions and releasing a maiden 12 million‑pound resource estimate for its Plumbush deposit. The firm aims to expand well‑field development across its Blackbush deposit.

Regal Partners investment director Charlie Aitken told the Switzer Show that uranium has become one of the fund’s largest positions, citing a rise in the long‑term term price to about US$95 per pound, its highest since 2008. He argues that renewed nuclear construction, reactor restarts and the power needs of AI data centres are driving the market, while the spot price remains less relevant.