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Changes in Hong Kong stocks | Xinjiang Xinxin Mining (03833) rose more than 12%, Indonesia plans to drastically tighten nickel ore quota. The company owns four nickel-copper mines

Zhitongcaijing·12/18/2025 02:09:02
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The Zhitong Finance App learned that Xinjiang Xinxin Mining (03833) rose by more than 12%. As of press release, it had risen 11.65% to HK$2.3, with a turnover of HK$10.165,600.

According to the news, the Indonesian Nickel Miners Association (APNI) revealed that the nickel ore production proposed in the 2026 work plan and budget (RKAB) is about 250 million tons, which is a sharp drop from the 2025 RKAB production target of 379 million tons. APNI Secretary General Medi Katrin Lenkey explained that the raw ore production plan was set lower than this year to prevent nickel prices from falling further. According to public information, Xinjiang Xinxin Mining wholly owns four nickel-copper mines in Karatunke, Huangshan, Huangshan, and Xiangshan, as well as two vanadium mines in Xianghe Street and Mujiahe, as well as the Kalchar fluorite mine.