Changes in Hong Kong stocks | Liqin Resources (02245) rose more than 8%, and Indonesia's policy disrupts all of the nickel market company's fire law projects to be put into operation in 2026

The Zhitong Finance App learned that Liqin Resources (02245) increased by more than 8%. As of press release, it had risen 6.71% to HK$23.18, with a turnover of HK$669.549 million.

According to the news, the Indonesian Nickel Miners Association (APNI) recently stated that the nickel ore production target proposed by the government in the 2026 Work Plan and Budget (RKAB) is about 250 million tons, a sharp drop from the 379 million tons set by RKAB in 2025. The purpose of the production reduction plan is to prevent further decline in nickel prices. The formula for calculating the nickel reference price HPM may also face revisions. The core focus is on treating nickel's associated minerals (particularly cobalt) as separate commodities and levying royalties.

Minsheng Securities previously stated that Liqin Resources and partners are cooperating to invest in a nickel smelting production line on Obi Island in Indonesia. The total production capacity of wet nickel is 120,000 tons of nickel+14,000 tons of cobalt, and the equity production capacity is 69,000 tons plus 80,000 tons of cobalt, all of which have been put into operation in 2024; the first phase of the fire project has a production capacity of 95,000 tons, which will be put into operation in 2025H1. The production capacity of the company will increase to 280,000 tons, and the equity production capacity will increase to 155,000 tons. Highly elastic.