Changes in Hong Kong stocks | Liqin Resources (02245) rose more than 6% in the afternoon, A-share issuance application materials were accepted by the Shenzhen Stock Exchange, and Indonesia's policy is expected to raise nickel prices

The Zhitong Finance App learned that Liqin Resources (02245) rose more than 6% in the afternoon. As of press release, it had risen 5.78% to HK$24.16, with a turnover of HK$45,389,900.

According to the news, Liqin Resources announced that the company has submitted application materials, including an A-share prospectus (declaration draft), to the Shenzhen Stock Exchange for the proposed issuance of A-shares, and received an acceptance notice from the Shenzhen Stock Exchange on December 31, 2025 for the company's proposed A-share issuance application. According to reports, Liqin Resources has now covered the entire industrial chain, including nickel ore trade, smelting production, and equipment manufacturing and sales.

Guosheng Securities released a research report saying that Indonesia controls 60% of the world's nickel supply, and its supply policy directly affects nickel supply and demand. As one of the few non-ferrous metals, nickel is still at the bottom of the cycle. Under natural conditions, it is still out of reach. However, considering that its concentration is comparable to that of tungsten, cobalt, antimony, etc., supply-leading country policies can significantly affect commodity prices. Since this year, based on its market position, Indonesia has successively introduced supply-restriction policies with the intention of raising the price level and retaining more profits domestically. We believe that Indonesia's determination to control volume and stabilize prices cannot be ignored; we are optimistic that nickel prices will accelerate their bottoming out and recovery.