HK Stock Market Move | XINXIN MINING (03833) rises again by over 6%, market focuses on the implementation of the Indonesian government's nickel mine quota scheme.

XINXIN MINING (03833) rose by more than 6%, with a gain of over 30% in the month. As of the time of writing, it rose by 5.45% to HKD 2.71, with a turnover of 25.9145 million Hong Kong dollars. On the news front, according to the Indonesian Nickel Mining Association, the government's Nickel Mine Production target in the 2026 Work Plan and Budget (RKAB) is approximately 250 million tons, a significant decrease from the 379 million tons set in 2025. Public information shows that XINXIN MINING owns the Karatongke, Huangshandong, Huangshan, and Xiangshan nickel-copper mines, the Xianghejie and Mujiahe vanadium mines, and the Karchar fluorite mine. CICC stated that considering the current tightening of nickel ore quotas has a relatively small impact on the Indonesian economy, and the rise in nickel prices is favorable for increasing tax revenue and enhancing the value of domestic resources, the probability of the implementation of the policy tightening nickel ore quotas is high. Guangzhou Futures, on the other hand, stated that the Indonesian government has indicated that the quota scheme is still in the internal discussion stage, and in recent years, news related to Indonesia's nickel ore quota policy has been repeatedly speculated and then proven false. In addition, mining companies can apply for additional quotas or import nickel ore from the Philippines, so the impact of this news on nickel may be overestimated.