Changes in Hong Kong stocks | Liqin Resources (02245) rose by more than 4%, and Indonesia's supply disturbance continues, and the excess supply of fermented nickel is expected to be mitigated

The Zhitong Finance App learned that Liqin Resources (02245) has risen by more than 4%, and the stock price is currently in Wulianyang for the time being, with a cumulative increase of nearly 30%. As of press release, it rose 4.55% to HK$20.7, with a turnover of HK$39.3427 million.

According to reports, the Indonesian Nickel Association (APNI) announced that the 2026 Work Plan and Budget (RKAB) has applied for about 250 million tons of nickel ore production, a sharp drop from 379 million tons in 2025. The APNI Secretary General said that production cuts are to prevent nickel prices from falling further, as global oversupply will suppress prices. Fangzheng Securities released a research report saying that in response to the oversupply of nickel, Indonesia recently made a combo punch, including tightening construction permits for independent nickel smelters and planning to lower nickel ore production quotas for 26 years. The oversupply of nickel is expected to be alleviated.

CICC pointed out earlier that Liqin Resources now covers the entire industrial chain, including nickel ore trade, smelting production, equipment manufacturing and sales. The company has signed long-term trade and supply agreements with mining companies in the Philippines, Indonesia, etc. The midstream Indonesian OBI Island has formed a total nickel production capacity of 400,000 metal tons, and extended the downstream expansion of nickel cobalt sulfate, etc., and has formed a comprehensive nickel product service system. The bank believes that the company's wet production capacity in Indonesia is expected to benefit, and there is potential to expand the Indonesian nickel industry chain layout in the future, driving the company's performance and valuation to rise.