Changes in Hong Kong stocks | CGN Mining (01164) rose more than 6% in the afternoon, Norway plans to restart nuclear power construction companies and is expected to benefit from rising natural uranium prices

The Zhitong Finance App learned that CGN Mining (01164) rose more than 6% in the afternoon. As of press release, it rose 5.21% to HK$2.12, with a turnover of HK$170 million.

According to news, recently, Sweden's largest power company, Wattenfall Group, announced that it has selected the British Rolls-Royce Company to build 3 small modular reactors on the west coast of Sweden, with a total installed capacity of about 1,410 megawatts and an annual power generation capacity of about 12 billion kilowatt-hours, accounting for about 8% of Sweden's annual electricity consumption. The first one is expected to be put into operation around 2035. This is Sweden's first new nuclear power project in over 40 years, marking the official restart of nuclear power construction.

Cathay Pacific Haitong Securities released a research report saying that natural uranium prices continued to rise, benefiting from the acceleration of nuclear power construction and tight supply of upstream minerals. As a natural uranium production and trading enterprise that relies on nuclear power companies, CGN Mining is expected to fully enjoy the rise in natural uranium prices. The company's benchmark price adjustment by the Changxie Association in 2026 can be expected, and annual performance growth can be expected.