Core Viewpoint - China General Nuclear Power Corporation (CGN) Mining (01164) has seen its stock price increase by over 4%, currently trading at HKD 3.97 with a transaction volume of HKD 173 million, driven by rising uranium prices [1] Group 1: Uranium Price Trends - Recent spot and long-term contract prices for natural uranium have both reached 25-year highs, with the spot price on January 16 rising to USD 85 per pound, surpassing the previous high of USD 83.5 per pound expected in 2025 [1] - The long-term contract price for December 2025 has reached USD 86.5 per pound, reflecting a month-on-month increase of 1% and a year-on-year increase of 7% [1] Group 2: U.S. Policy Impact - On January 14, U.S. President Trump signed an executive order under "Section 232" to investigate and recognize natural uranium as a "critical mineral and derivative product," indicating potential actions to ensure sufficient natural uranium supply and alleviate supply chain vulnerabilities [1] - The U.S. Secretary of Energy previously stated that there is a need to increase strategic uranium reserves, suggesting that the U.S. uranium replenishment cycle may be accelerated, further strengthening the demand-side logic for the uranium mining sector [1]