Hong Kong stock concept tracking | Russia announced temporary restrictions on exporting enriched uranium to the United States. Uranium mining resources may increase in price by 2025 (with associated concept stocks)

On Friday (November 15) local time, the Russian government announced that it will temporarily restrict the export of enriched uranium to the United States. This move is aimed at countering the United States' previous ban on importing Russian uranium. Russia is the world's largest supplier of uranium. According to data from the US Department of Energy's Office of Nuclear Energy, Russia has approximately 44% of the global uranium enrichment capacity, and around 35% of nuclear fuel imports to the United States come from Russia. The temporary restriction on exporting enriched uranium to the United States by Russia has brought potential supply risks to utility companies operating reactors in the United States, with nearly one-fifth of the country's electricity generation coming from these reactors. The Russian government did not provide details on the restriction measures and their duration in its Telegram statement on Friday. Utility companies often purchase raw materials well in advance, so the impact is unlikely to be immediate. Jonathan Hinze, President of UxC, a company tracking the uranium fuel market, said that while most uranium fuel has already been delivered this year, the ban may start to have an impact from 2025, potentially leaving some reactor operators without alternative supply. Huayuan Securities published a research report stating that the shortage of AI electricity has triggered cloud companies to compete for nuclear power assets, and a new round of nuclear power renaissance is driving natural uranium to become a key resource in the AI era. Currently, global nuclear power is entering a high cycle of prosperity, with the level expected to be comparable to the oil crisis of the 1970s and 1980s, and demand for natural uranium is steadily increasing. The concentration of natural uranium supply is high, with limited first-time supply increments and a gradual decline in secondary supply, causing a potential widening of the supply-demand gap in the medium to long term, pushing the central price of natural uranium upwards. Related Hong Kong stocks in uranium mining: CGN MINING (01164): ZheShang previously pointed out that CGN MINING is the investment and financing platform for overseas uranium resource development under China's largest nuclear power group, China General Nuclear Power Group. With the current cycle of nuclear power recovery driving the tightening supply-demand pattern of natural uranium, uranium prices are expected to continue to rise. The company is optimistic about its stable natural uranium demand guarantee within China General Nuclear Power Group and its continued exploration of high-quality uranium resources on a global scale, further opening up growth opportunities.