HK Stock Market Move | CNGR(02579) rose nearly 8% as Indonesia plans to tighten nickel supply. The company's expected increase in the proportion of self-supplied nickel may contribute to elasticity.

CNGR (02579) rose nearly 8%, as of the time of writing, it rose by 6.14%, to 28.7 Hong Kong dollars, with a turnover of 703.256 million Hong Kong dollars. On the news front, the Indonesian government's work plan and budget for next year, with a target nickel production volume of approximately 250 million tons in 2026, is about one-third lower than the target of 379 million tons in 2025. CNGR Advanced Material recently stated on the interactive platform that, based on the strategic needs of industrial integration, the company has strategically invested in upstream nickel, phosphorus, lithium, and other mineral resources globally since 2022, and has acquired mineral resources such as Indonesian laterite nickel, Argentine lithium salt lake, and Guizhou phosphate ore. Soochow previously pointed out that the increase in the self-supply ratio of nickel is expected to contribute to elasticity. Looking ahead to 2026, on the resource side, we estimate that the company is expected to have a self-supply equity of 30,000 tons of metal nickel in 2026, with a self-supply ratio of 25%+, which is expected to increase profits by 2-3 billion yuan; at the same time, if the metal nickel price rises slightly, it will bring significant profit elasticity.