Changes in Hong Kong stocks | CGN Mining (01164) is now up more than 6%, tight supply supports uranium prices, and the new trading framework is expected to drive a sharp rise in revenue and profit

The Zhitong Finance App learned that CGN Mining (01164) is now up more than 6%. As of press release, it has risen 6.83% to HK$3.13, with a turnover of HK$122 million.

According to the news, on December 19, uranium mining company Boss Energy Ltd warned that the production of marketable products at its key project Honeymoon mine in South Australia would fall far short of expectations. Huaxi Securities released a research report saying that the tight supply of uranium is expected to continue to support uranium prices. In the context of the current shortage of sulfuric acid, the supply and demand pattern of the industry supports the formation of uranium prices and remains optimistic.

SDIC Securities International recently released a research report saying that the new trading framework will drive the company's future revenue and profit to soar. At the beginning of June, the company announced the 2026-2028 related transaction price framework with CGN Group. The new sales price changed from 40% base price +60% spot price in the past three years to 30% base price +70% spot price. At the same time, the base price increased sharply from 61.78 US dollars/lb, 63.94 US dollars/lb, and 66.17 US dollars/lb to 94.22 US dollars/lb, 98.08 US dollars/lb. It is expected that the company's future sales business revenue and profit will rise sharply.