HK Stock Market Move | CGN MINING (01164) rises by over 4% again, producing a total of 702.5tU of natural uranium in the fourth quarter. The long-term contract price of uranium is expected to continue to rise.
China Guangdong Nuclear Power Mining (01164) surged by more than 4%, as of the time of writing, it rose by 4.12% to HKD 3.79, with a turnover of HKD 87.3876 million.
CGN MINING (01164) surged over 4%, rising by 4.12% to HK$3.79 at the time of writing, with a turnover of HK$87.38 million.
On the news front, CGN MINING announced that in 2025, the group's 49% owned Xie Company produced 862.2tU of natural uranium, while the other 49% owned Ao Company produced 1836.8tU of natural uranium, with completion rates of 100.1% and 102.0% respectively. In the fourth quarter of 2025, mines under the group produced a total of 702.5tU of natural uranium, with a completion rate of 94.6% for the quarter. Xie Company produced 249.2tU of natural uranium, while Ao Company produced 453.3tU.
Sinolink released a research report stating that on the supply side, the short-term rebound of uranium primary supply is driven by mine resumption, while the medium to long-term primary supply capacity is facing continuous decline; it is difficult to form effective incremental secondary supply in the short term. On the demand side, nuclear power installation is steadily increasing due to energy security, clean energy transformation, and AI power demand, and the global natural uranium supply-demand gap will continue to exist. With tight supply expectations, uranium spot prices are expected to continue to rise.
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