HK Stock Market Move | CGN MINING (01164) is now up more than 6%, with tight supply supporting uranium prices. The new trading framework is expected to boost revenue and profits simultaneously.

CGN MINING (01164) is currently up over 6%, as of the time of writing, up 6.83% to HK$3.13, with a turnover of HK$122 million. On the news front, on December 19, uranium miner Boss Energy Ltd issued a warning that production at its key project, the Honeymoon mine in South Australia, will be significantly lower than expected. Huaxi released a research report stating that tight uranium supply expectations continue to provide support for uranium prices. Against the background of a current sulfuric acid shortage, the industry's supply-demand dynamics are expected to continue to support uranium prices in a positive trend. Guotou Securities International recently released a research report stating that the new trading framework will boost the company's future revenues and profits. In early June, the company announced a new pricing framework for related transactions with China General Nuclear Power Group for the years 2026-2028, changing the sales prices from the previous 40% base price + 60% spot price over the past three years to 30% base price + 70% spot price, with the base price significantly raised from $61.78/pound, $63.94/pound, $66.17/pound to $94.22/pound, $98.08/pound, $102.10/pound. It is expected that the company's future sales revenue and profits will see a significant increase.