The Zhitong Finance App learned that CGN Mining (01164) rose nearly 9% in the afternoon. As of press release, it rose 7.20% to HK$2.605, with a turnover of HK$102 million.

According to the news, the long-term price of natural uranium was 96.5 US dollars per pound in August, continuing to reach record highs. It is worth noting that in July, the National Assembly approved 8 units at once. As of September 2026, according to statistics, there are currently 35 units under construction, 42 GW installed, 24 approved, and 29 GW installed. The installed machines under construction will be put into operation one after another in 2026-2031, and 2026 will usher in a gradual acceleration of nuclear power production.

Cathay Pacific Haitong Securities released a research report saying that natural uranium prices continued to rise, benefiting from the acceleration of nuclear power construction and tight supply of upstream minerals. As a natural uranium production and trading enterprise that relies on nuclear power companies, CGN Mining is expected to fully enjoy the rise in natural uranium prices. The company's benchmark price adjustment by the Changxie Association in 2026 can be expected, and annual performance growth can be expected.

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