HK Stock Market Move | XINXIN MINING (03833) rose over 12% as Indonesia plans to significantly tighten nickel ore quotas. The company owns four nickel-copper mines.

XINXIN MINING (03833) rose more than 12%, rising 11.65% as of the time of publication, trading at 2.3 Hong Kong dollars, with a transaction amount of 1016.56 million Hong Kong dollars. On the news front, the Indonesian Nickel Ore Mining Association (APNI) revealed that the nickel ore production target in the 2026 Work Plan and Budget (RKAB) is around 250 million tons, a significant decrease from the 379 million tons target in the 2025 RKAB. APNI Secretary-General Meidi Katerin Rungi explained that setting the lower production target for ore is to prevent further decline in nickel prices. Public information shows that XINXIN MINING wholly owns four nickel-copper mines in Kala Tongkek, Huangshan East, Huangshan, and Xiangshan, as well as two vanadium mines in Xianghe Street and Mujiahe, and a fluorite mine in Karchar.