CGN MINING(HK:01164) Xin Lang Cai Jing·2026-01-15 03:01Core Viewpoint - The announcement of $2.7 billion in funding by the U.S. government to Centrus Energy and two other nuclear fuel manufacturers aims to restart domestic nuclear fuel production and reduce reliance on Russian enriched uranium [1] Group 1: Company Performance - China General Nuclear Power Corporation (CGN) Mining (01164) saw its stock price rise over 4% in early trading, currently up 2.79% at HKD 3.68, with a trading volume of HKD 170 million [1] Group 2: Market Dynamics - Uranium futures prices have recently surpassed $82 per pound, reaching the highest level since mid-2024 [1] - According to Guojin Securities, the primary 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 steadily increasing due to energy security, the transition to clean energy, and the demand for AI-driven electricity, leading to a persistent global supply-demand gap for natural uranium [1] - Expectations of tight supply are driving up long-term uranium contract prices [1]