HK Stock Market Move | CNGR (02579) increased by more than 6% as the company continues to lay out global mineral resources. The expected increase in the self-supply ratio of nickel may contribute to elasticity.

CNGR (02579) rose more than 6%, rising 6.36% to HK$36.46 as of press time, with a trading volume of HK$1.19 billion. On the news front, according to reports, Bahlil Lahadalia, the Minister of Energy and Mineral Resources of Indonesia, said on Thursday that Indonesia will adjust its nickel quotas based on industry demand. The reduction in quotas is to support the price of Indonesian mineral products and similar measures will be implemented to support the nickel price. However, he did not disclose the quota levels for 2026, but reiterated that adjustments will be made to meet the needs of local smelters. According to research reports from CT Haitong, CNGR Advanced Material continues to lay out global mineral resources, currently owning nickel smelting capacity of nearly 200,000 metric tons in Indonesia, over 10 million metric tons of lithium carbonate equivalent in Argentina's salt lake lithium mines, and nearly one billion metric tons of phosphate ore resources. Soochow previously pointed out that looking towards 2026, the company is expected to have self-supplied equity of 30,000 metric tons of nickel metal, with a self-supply ratio of over 25%, potentially increasing profits by 200-300 million yuan; at the same time, a slight increase in nickel metal prices will bring significant profit elasticity.