CGN Mining (01164) is now up more than 4%. As of press release, it is up 3.55% to HK$2.04, with a turnover of HK$396.02 million.
The Zhitong Finance App learned that CGN Mining (01164) is now up more than 4%. As of press release, it has risen 3.55% to HK$2.04, with a turnover of HK$396.62 million.
According to the news, on April 30, according to media reports, due to the stagnation of action in the US Congress, the White House is considering an executive order prohibiting the import of enriched uranium from Russia. This move is aimed at reducing the US nuclear energy industry's dependence on Russian uranium. According to the data, Russia supplies enriched uranium to more than 90 commercial reactors in the US, accounting for about a quarter of the total supply.
Shanxi Securities previously stated that several uranium project developers are actively promoting the restart of dormant mines and the construction of new projects. The increasing attention paid by governments to nuclear energy is compounded by the long-standing gap between supply and demand, and the natural uranium industry is expected to continue to rise. The company is the only platform for the development of uranium resources under the CGN Group. As Austrian mining capacity climbed and the construction and commissioning of Canada's Fission project, the increase in production capacity continued. Benefiting from high uranium prices, we continue to be optimistic about the company's profitability.