Changes in Hong Kong stocks | Xinjiang Xinxin Mining (03833) rose more than 6%. The market is concerned about the implementation of the Indonesian government's nickel quota plan

The Zhitong Finance App learned that Xinjiang Xinxin Mining (03833) rose by more than 6% and increased by more than 30% during the month. As of press release, it rose 5.45% to HK$2.71, with a turnover of HK$25.914,500.

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. 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.

CICC said that 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 quota tightening policy will finally be implemented. Guangzhou Futures said that the Indonesian government said that the quota plan is still in the internal discussion stage, and news related to Indonesia's nickel quota policy has been falsified many times after repeated hype in recent years. In addition, mining companies can apply for additional quotas or import nickel ore from the Philippines, so the impact of this news on nickel may be overestimated.