HK Stock Market Move | CGN MINING (01164) rose more than 5% in the afternoon, with the Japanese nuclear energy industry possibly accelerating its development, supporting global uranium demand and prices.

CGN MINING (01164) rose more than 5% in the afternoon, up 5.26% to HK$5 as of press time, with a turnover of HK$210 million. On the news front, on February 9, Japan's Kashiwazaki-Kariwa nuclear power plant Unit 6, temporarily closed for investigation of the cause of the malfunction, was restarted on the 9th. A spokesperson for Tokyo Electric Power Company said that a "comprehensive load performance check" would be implemented on March 18, followed by the start of commercial operation. China International Securities believes that with the major victory of Japan's Liberal Democratic Party in the parliamentary elections, the domestic nuclear energy industry in Japan is expected to accelerate, supporting global uranium demand and prices. Huayuan Securities released a research report stating that against the background of rigid upward AI electricity demand, nuclear power and uranium are upgrading from "optional energy sources" to "strategic necessities," with their long-term pricing power, stable cash flows, and capital attractiveness expected to systematically rise. It is worth noting that although all of CGN MINING's uranium products are sold to its parent company, pricing is linked to market prices and can benefit from the increase in global demand for nuclear power leading to a rise in uranium prices.