Hong Kong Stock Volatility | China General Nuclear Mining (01164) rises over 5% again, financial institutions' financing for uranium purchase intensifies, and the importance of nuclear power is expected to rise systematically

2026-02-20 09:00:20

CITIC Securities APP reports that China General Nuclear Mining (01164) rose more than 5% again. As of the time of publication, it increased by 4.43%, trading at HKD 5.19, with a turnover of HKD 97.6124 million.

On the news front, YCA announced on February 12 that it will increase its total offering from the originally planned minimum of $75 million on February 11 to approximately $110 million to expand natural uranium procurement. YCA has a 26-year option to purchase 1.16 million pounds of natural uranium from Haryuan. Additionally, the state-owned natural uranium platform is resuming overseas mine acquisitions. China Uranium Industry plans to acquire a 45% stake in BMN’s subsidiary BMN UK.

Hua Yuan Securities released a research report stating that, against the backdrop of the rigid growth in electricity demand for AI, nuclear power and uranium are upgrading from “optional energy” to “strategic necessities,” with their long-term pricing power, cash flow stability, and capital attractiveness expected to rise systematically. Notably, although all uranium products from China General Nuclear Mining are sold to the parent company, the pricing is linked to market prices, which could benefit from the rising uranium prices driven by increased global nuclear power demand.

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