Hong Kong stocks concept tracking|The only operating commercial uranium enrichment plant in the United States announced a massive expansion Uranium prices soar (with concept stocks)

On the night of June 2nd, Beijing time, Urenco USA, the only commercial uranium enrichment company in the United States, announced on Tuesday that it will invest "tens of billions of dollars" to increase its existing low enriched uranium production capacity by 50%. Urenco stated that this investment will be used to expand its factory in New Mexico. The company plans to utilize gas centrifuge enrichment technology to add 2.1 million SWU of uranium enrichment capacity. The expansion project will involve the construction of up to 24 centrifuge cascades production lines, with the first production line expected to be operational by 2032. The remaining production lines will be installed and put into operation in stages between 2032 and 2036. Overnight, the uranium mining sector of the US stock market saw a widespread increase. The global uranium and nuclear component ETF rose by 5.7%; Cameco rose by over 7%; Ur-Energy Inc. (URG.US) surged by 22%. Huayuan Securities released a research report stating that in the context of the rigid increase in AI electricity demand, nuclear power and uranium are transitioning from "optional energy sources" to "strategic necessities," with their long-term pricing power, cash flow stability, and capital attractiveness expected to be systematically uplifted. 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, which can benefit from the positive factors of increasing global nuclear power demand leading to a rise in uranium prices. Related uranium mining industry chain Hong Kong stocks: CNNC INT'L (02302): The core driver of the company's revenue growth clearly comes from the increase in trading volume of uranium trade business. The 2025 annual report was disclosed on April 24. During the reporting period, the company achieved operating income of 2.49 billion Hong Kong dollars, a year-on-year increase of 35.22%; net profit attributable to the parent was 192 million Hong Kong dollars, a year-on-year decrease of 1.34%; according to the report, CNNC INT'L's basic earnings per share was 0.393 Hong Kong dollars, with an average return on equity of 24.95%. The company is mainly engaged in uranium trading through two divisions. The mineral products trading division buys and sells uranium products; the exploration and sale of mineral assets division explores and sells uranium mines. The company's main suppliers come from countries and regions such as Canada, Europe, Kazakhstan, and Hong Kong, China. CGN MINING (01164.HK): In the first quarter of 2026, the mining operations invested by the group produced a total of 580.9tU of natural uranium, with a completion rate of 97.1% for the quarter. Among them, the group holds 49% of the production of natural uranium from Shemizbaiy Uranium LLP (Shem Company) in Kazakhstan at 154.5tU; while the other 49% ownership of Altai Mining LLP (Alt Company) in Kazakhstan produced 426.4tU of natural uranium. As of March 31, 2026, the group held 967tU of natural uranium (approximately 2.51 million pounds U3O8) with a weighted average cost of $80.60 per pound U3O8; and had signed but not yet delivered sales of 2519tU of natural uranium (approximately 6.55 million pounds U3O8) with a weighted average sales price of $89.20 per pound U3O8.