According to the Finance APP, CGN Mining (01164) is now up more than 4%, as of press time, up 3.65% to HKD 2.84, with a turnover of HKD 19.1021 million.

On the news front, the U.S. Senate has passed the Advanced Nuclear Energy Deployment Act, aimed at strengthening the increase in U.S. domestic nuclear power capacity and is still waiting for President Biden's signature to take effect. Zhongtai International pointed out that the content of the Act includes reducing regulatory fees, speeding up the approval of new nuclear reactor applications, etc. It is expected to benefit the uranium mining and nuclear power equipment industry, support the uranium price, and indirectly benefit CGN Mining.

Minsheng Securities pointed out that the global nuclear power industry has slowed down in the wake of the 2011 Fukushima nuclear accident, leading to a reduction in uranium demand, and uranium prices have entered a downward range. Some large uranium mining projects have started reducing production or shutting down, and global uranium production has shown a downward trend, with a significant gap between supply and demand. With the recovery of nuclear power installation intentions, uranium demand began to rise, but the slow pace of production restarts of old mines and new projects is expected to continue the supply-demand gap, and uranium prices are expected to continue to rise.