Understanding the Market | Nuclear power stocks collectively rise, CNNC International surges over 20%, CGN Mining rises over 5%
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Nuclear power stocks collectively rose in early trading, with CNNC International up 20.37% to HKD 6.5, and CGN MINING up 5.34% to HKD 3.55. Sprott successfully financed a spot uranium-based fund, with uranium prices rising from USD 76.03 to USD 83. China Post Securities believes that the Federal Reserve's interest rate cuts will support an increase in uranium prices, with the fourth quarter being a peak procurement season. JP Morgan pointed out that the revival of nuclear energy and the surge in AI demand, along with major producers reducing output, have led to supply tightness, with spot and futures uranium prices rising by about 5%
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