** Jefferies notes accelerating nuclear energy momentum fueled by energy security concerns, policy backing, and AI & data centre demand

** Adds, near-term uranium market is balanced as secondary supply meets demand, while primary production lags

** Brokerage expects Middle East tensions to spur volatility, but prefers fundamental gains from major procurement cycles post-2025

** In this climate, Jefferies favours Australian uranium miner Boss Energy BOE.AX within the sector

** So far this year, uranium miners Paladin Energy PDN.AX is down 16.7%, while BOE and Deep Yellow DYL.AX are up 51.4% and 15.1%

(Reporting by Kumar Tanishk in Bengaluru; editing by Diane Craft)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))