Hong Kong Stock Concept Tracking | Russia considers restricting uranium exports, international uranium mining resources surge (with concept stocks)

Intelligent Financial News APP learned that, according to reports, Russian President Putin is considering restricting the export of uranium, titanium, and nickel in retaliation against Western sanctions. Affected by this news, the overnight U.S. stock uranium mining sector surged. According to data from the World Nuclear Association, Russia is the world's fourth largest uranium producer, with approximately 44% of global uranium enrichment capacity. As of June 30, 2024, there are 416 operable nuclear reactors globally, with a net installed capacity of 375GWe; 59 reactors are under construction with a net capacity of 62GW. In the first half of the year, 4 new reactors were commissioned, including Unit 4 of the Fangchenggang plant under the group. Normalization of nuclear power approval in China. On August 19, 2024, the State Council approved a total of 11 nuclear reactors in 5 projects, marking the third consecutive year with approvals of 10 or more reactors. Haitong International previously pointed out that CGN Mining is one of the listed subsidiaries of CGN Group, the world's third largest nuclear power group. It is also the sole platform for overseas uranium resource development and investment under CGN Group. CGN Mining has a 60% exposure to uranium spot prices and is expected to benefit from rising uranium prices. CGN Mining (01164): In the first half of 2024, the four mines owned by Xie and Ao companies produced a total of 1334.1tU of natural uranium, with a production completion rate of 96.9%. The company's equity production was 653.7tU; in the second quarter, 727.4tU of natural uranium was produced with a completion rate of 101.5%. By mine in the first half of the year, Xie Mine produced 181.0tU, Yi Mine produced 295.4tU, Zhong Mine produced 791.9tU, and Zha Mine produced 65.7tU. Due to insufficient sulfuric acid supply, the production completion rate of Zhong Mine was only 93%. The company is currently focusing on addressing the sulfuric acid supply issue, and it is expected that the production of Zhong Mine will recover in the future. Zha Mine is still in the construction phase, and the first phase of construction is expected to be completed by the end of 2024; the company also owns 11.31% of Fission Corporation in Canada, with its core asset being the PLS project in the southwest of the Athabasca Basin in Saskatchewan, Canada. The feasibility study shows a total production of approximately 35,000tU over the life of the project, with a lifespan of 10 years. The capacity utilization rate of Ha Yuan in 2024 is expected to be 83%, and with the resolution of future sulfuric acid supply issues, it is expected that the production from the mining areas will further increase.**