HK Stock Market Move | CGN MINING (01164) surged more than 5% in the closing session, with a clear mismatch between supply and demand for natural uranium. The company's new three-year trading agreement has already taken effect.

CGN MINING (01164) rose more than 5% in the final trading session, rising by 4.72% to HKD 4.44 as of press time, with a turnover of HKD 236 million. Changjiang's research report stated that with the acceleration of nuclear power construction and the increasing global demand for natural uranium, natural uranium is expected to form a clear supply-demand mismatch. Looking ahead, with the acceleration of demand release and the fragile supply of natural uranium, it is expected that the hard supply-demand gap will continue to widen in the future. Against the background of an expanding supply-demand gap, the release of strategic replenishment and secondary demand from financial speculation will become key marginal forces driving prices upwards. Huatai stated that CGN MINING's three-year natural uranium purchase agreement for the years 2026-2028, approved on August 19, 2025, has already taken effect. The landing of the new three-year purchase agreement means that the company is one of the most resilient uranium mine targets in the face of rising spot uranium prices, and the company's stable supply capacity of high-quality overseas mines is expected to realize performance elasticity in the uranium price uptrend cycle.