Changes in Hong Kong stocks | Zhongwei New Materials (02579) rose nearly 8%, Indonesia plans to tighten nickel supply companies' nickel self-supply ratio, which is expected to contribute to elasticity

The Zhitong Finance App learned that Zhongwei New Materials (02579) rose nearly 8%. As of press release, it had risen 6.14% to HK$28.7, with a turnover of HK$70.32,600.

According to the news, according to the work plan and budget set by the Indonesian government for next year, the 2026 nickel production target is about 250 million tons, which is nearly one-third lower than the 2025 target of 379 million tons. Zhongwei Co., Ltd. recently stated on an interactive platform that based on the strategic needs of industrial integration, the company has made strategic investments in upstream nickel, phosphorus, lithium and other mineral resources around the world since 2022, and has obtained mineral resources such as Indonesian laterite nickel ore, Argentina's lithium salt lake, and Guizhou phosphate mine.

Dongwu Securities previously indicated that an increase in the proportion of nickel self-supply is expected to contribute to flexibility. Looking ahead to '26, on the resource side, we expect the company to self-supply 30,000 tons of nickel in '26, with a self-supply ratio of 25% +, which is expected to increase profits by 2-3 billion yuan; at the same time, a slight increase in nickel metal prices will bring significant profit flexibility.