Shares of CGN MINING (01164) rose nearly 9% during the trading session. As of the time of writing, the stock was up 6.79%, trading at HKD 3.46, with a turnover of HKD 252 million. On the news front, it was reported that on December 24, 2025, Tokyo Electric Power Company (TEPCO) President Tomoaki Kobayakawa announced that the reactor of Unit 6 at the Kashiwazaki-Kariwa Nuclear Power Plant, Japan's largest nuclear facility, will be restarted on January 20, 2026. Additional market information indicates that TEPCO plans to invest 11 trillion yen in nuclear power and renewable energy over the next decade. Furthermore, two Hualong One nuclear power units, developed by China General Nuclear Power Group, recently began the fuel loading process. A research report from Guojin Securities stated that on the supply side, primary uranium supply has seen a short-term recovery driven by the resumption of mining operations, but medium to long-term primary supply capacity faces ongoing decline. The report also noted that secondary supply is unlikely to contribute meaningful increments in the short to medium term. From the demand perspective, nuclear power capacity is steadily growing, propelled by energy security needs, the transition to clean energy, and the rising electricity demands of AI technologies. The global supply-demand gap for natural uranium is expected to persist. Amid expectations of persistently tight supply, long-term contract prices for uranium continue their upward trajectory.