In early trading on November 3, the three major A-share indexes collectively opened lower. As of press time, the Shanghai Stock Exchange Index fell 0.33%, the Shenzhen Component Index fell 0.85%, and the ChiNext Index fell 0.76%. Thorium-based molten salt concept stocks strengthened sharply in early trading, with Baose Co., Ltd., Hailu Heavy Industry, and Zhefu Holdings opening at the daily limit.

In early trading on November 3, the three major A-share indexes collectively opened lower. As of press time, the Shanghai Stock Exchange Index fell 0.33%, the Shenzhen Component Index fell 0.85%, and the ChiNext Index fell 0.76%.

On the market, the coal chemical sector was active, with Antai Group rising by the daily limit, followed by Huaibei Mining, Shaanxi Black Cat, etc.; the concept of short dramas rose rapidly, with Huanrui Century and Guangdong Media both having 2 consecutive gains.

Thorium-based molten salt concept stocks strengthened sharply in early trading, with Baose Co., Ltd., Hailu Heavy Industry, and Zhefu Holdings opening at the daily limit.

On the news, on November 1, the Chinese Academy of Sciences confirmed to the outside world that the 2-MW liquid fuel thorium-based molten salt experimental reactor led by the Shanghai Institute of Applied Physics, Chinese Academy of Sciences, has recently successfully completed the first conversion of thorium-uranium nuclear fuel. This achievement not only fills an international gap – it is the first time to obtain experimental data after thorium element enters the molten salt reactor operation, but also makes the reactor the only molten salt reactor in operation in the world that has realized the introduction of thorium fuel into the reactor. It provides a key preliminary verification for the technical feasibility of utilizing thorium resources in the molten salt reactor nuclear energy system.

Dai Zhimin, director of the Shanghai Institute of Applied Physics, has a clear goal: to build a 100-megawatt thorium-based molten salt reactor demonstration project and put it into use by 2035, accelerate technology upgrades and engineering transformation, and open up a new path for safe and reliable thorium-based energy power generation for the country.