According to the Securities Times app, CGN Mining (01164) fell nearly 7% intraday, as of the time of publication, down 4.08%, at 1.88 Hong Kong dollars, with a turnover of 0.169 billion Hong Kong dollars.

Haitong Int'l pointed out that due to expectations of loose supply, the spot price of uranium in August and September fluctuated downward. As of September 2024, the actual global uranium spot price was $64.63 per pound, down 1.0% from the previous month, an increase of 21.5% from the same period last year, and a year-to-date decline of 19.6%.

The bank pointed out that the recovery on the supply side coupled with the variable of the Fed's interest rate cuts cycle is expected to support the stabilization and rebound of uranium prices. Short-term improvements on the supply side have brought downward pressure on spot prices, but the recovery remains uncertain. Subsequently, with the possible start of the Fed's interest rate cut cycle, the natural uranium market will receive more attention, potentially driving a gradual recovery in spot demand and causing spot prices to trend upwards.