Changes in Hong Kong stocks | Nickel stocks are rising across the board, Indonesia's intention is to strengthen its control over resources to help stabilize the long-term center of nickel prices

The Zhitong Finance App learned that nickel stocks were higher across the board. As of press release, Liqin Resources (02245) rose 9.05% to HK$21.92; Xinjiang Xinxin Mining (03833) rose 6.64% to HK$2.73; and Zhongwei New Materials (02579) rose 6.64% to HK$30.5.

According to the news, according to the Indonesian Nickel Miners Association, the nickel production target proposed by the government in the 2026 Work Plan and Budget (RKAB) is about 250 million tons, which is a sharp drop from the 379 million tons set in 2025. The Secretary General of APNI clearly stated that the current reduction in production targets is mainly aimed at stopping the further decline in nickel prices. This reduction in production targets reflects the intention to affect global nickel prices.

CICC released a research report saying that the proposed nickel ore production target of 250 million tons is a government-level target, and the final implementation and distribution are still uncertain. Considering that the current tightening of nickel ore quotas has little impact on the Indonesian economy, and that the increase in nickel prices is conducive to increasing taxes and increasing the value of local resources, there is a high probability that the nickel ore quota policy will finally be implemented. The bank believes that Indonesia's intention is to strengthen its control over resources, which is conducive to stabilizing the long-term center of nickel prices.