HK Stock Market Move | XINXIN MINING(03833) rose over 5% due to the disturbance of expectations for Indonesian policies. The nickel supply and demand structure may be expected to improve.

XINXIN MINING (03833) surged by more than 5%, as of the time of writing, it rose by 5.22% to 2.62 Hong Kong dollars, with a turnover of 34.7288 million Hong Kong dollars. On the news front, recent reports indicate that according to the Indonesian Ni Mining Association (APNI), the government's target for nickel ore production in the 2026 Work Plan and Budget (RKAB) is around 250 million tons, a significant decrease of 34% from the 3.79 billion tons set in the 2025 RKAB. CITIC Futures believes that if the final quota is implemented according to this plan, it will have a significant impact on the nickel market balance in 2026, and the surplus expectation will decrease significantly. It is reported that XINXIN MINING's wholly-owned subsidiaries own the Karatongke, Huangshandong, Huangshan, and Xiangshan nickel-copper mines, the Xianghe Street and Mujiahe vanadium mines, and the Karlchaer fluorite mine.