CGN MINING(HK:01164) Zhi Tong Cai Jing·2026-01-05 06:42Core Viewpoint - China General Nuclear Power Corporation (CGN) shares rose nearly 9% during trading, with a current increase of 6.79% at HKD 3.46, and a trading volume of HKD 252 million, driven by positive developments in the nuclear energy sector in Japan and ongoing projects in China [1] Group 1: Market Developments - Tokyo Electric Power Company announced plans to restart the Kashiwazaki-Kariwa Nuclear Power Plant Unit 6 on January 20, 2026, marking a significant step in Japan's nuclear energy revival [1] - The company plans to invest JPY 11 trillion in nuclear and renewable energy over the next decade, indicating a strong commitment to energy diversification and sustainability [1] Group 2: Supply and Demand Dynamics - According to Guotai Junan Securities, the supply of uranium is expected to recover in the short term due to the resumption of mining operations, but long-term supply capabilities are facing continuous decline [1] - The demand for nuclear power is projected to grow steadily, driven by energy security, the transition to clean energy, and increasing AI electricity needs, leading to a persistent global supply-demand gap for natural uranium [1] - Expectations of tight supply are likely to push long-term uranium contract prices upward [1]