The Zhitong Finance App learned that CGN Mining (01164) rose by more than 4% and increased by more than 65% during the year. As of press release, it rose 2.89% to HK$2.85, with a turnover of HK$304.12 million.

According to the news, in March 2024, the Biden administration announced that the US federal government will provide a loan of 1.5 billion US dollars (about 10.8 billion yuan) to restart the Palisades nuclear power plant in southwestern Michigan. This will be the first time in US history that a nuclear power plant that has already been shut down has been restarted. In April 2024, TEPCO delivered nuclear fuel to the Kashiwazaki-Kariwa nuclear power plant reactor and is expected to restart power generation in October this year.

Haitong International pointed out that because of its remarkable advantages in terms of cleanliness and stability, nuclear power generation is regarded as a key strategic part of the global energy transition process. Many countries use nuclear television as the core of their energy strategies to reduce greenhouse gas emissions while ensuring energy security, and the importance of nuclear power is becoming increasingly prominent. As the demand for electricity in global AI data centers and the electrification of industry and transportation industries soars, it has also encouraged the restart of nuclear power to a certain extent. As the revival of nuclear energy progresses, demand for uranium as a key raw material for nuclear power generation will rise sharply. This could lead to a further increase in uranium prices and bring new opportunities and challenges to investors and related businesses. By 2025, global nuclear power generation is expected to break through an all-time high in 2021.