CGN MINING(HK:01164) 智通财经网·2025-12-24 01:39Core Viewpoint - China General Nuclear Power Corporation (CGN) Mining (01164) has seen a nearly 4% increase in stock price, currently trading at 3.3 HKD, with a trading volume of 22.18 million HKD. This rise is influenced by positive forecasts regarding uranium prices and a new pricing framework for transactions with its parent company [1]. Group 1: Uranium Market Outlook - Goldman Sachs' latest report predicts that spot uranium prices will rise to approximately 91 USD per pound by the end of 2026, representing at least a 20% increase from the current price of about 76 USD [1]. - The report indicates that both spot and long-term contract markets face upward price risks, with long-term contract prices increasing from 80 USD per pound to 86 USD since August [1]. - A cumulative supply gap of about 13% for uranium is expected from 2025 to 2035, which is projected to widen to 32% from 2025 to 2045 [1]. Group 2: Company-Specific Developments - Guotai Junan Securities International recently released a report stating that a new transaction framework will drive significant revenue and profit growth for CGN Mining [1]. - The new pricing framework for transactions with CGN Group, effective from 2026 to 2028, changes the sales price structure from 40% base price + 60% spot price to 30% base price + 70% spot price, with base prices significantly increased from previous levels [1]. - The base prices have been raised from 61.78 USD/pound, 63.94 USD/pound, and 66.17 USD/pound to 94.22 USD/pound, 98.08 USD/pound, and 102.10 USD/pound, respectively, indicating a substantial expected increase in sales revenue and profit for the company [1].