The Zhitong Finance App learned that CGN Mining (01164) rose more than 4%. As of press release, it had risen 4.08% to HK$2.04, with a turnover of HK$458.67,900.

According to the news, according to Numerco data, this week's U3O8 price is 89.25 US dollars/pound, up 0.6% from last week. According to CITIC Construction Investment Securities, uranium prices continue to operate at a high level, supply is fluctuating continuously, demand is rising steadily, and inventories continue to reach their lowest level in history. The regulatory effect on price provision will continue to decline, the elasticity of uranium prices will increase, and the price center is expected to continue to rise.

Anxin International previously stated that the supply and demand relationship in the global natural uranium ore market is misaligned. Natural uranium producers are mainly located in Central Asia, Australia, and Africa, while nuclear power installations are mainly concentrated in Asia, Europe, and North America. After the Fukushima nuclear accident, global uranium exploration progress slowed, leading to an imbalance between supply and demand, and the gap is expected to continue to widen in the future. Therefore, the price of natural uranium ore will continue to rise in the future, driven by the imbalance between supply and demand, further boosting the company's profit growth.