HK Stock Market Move | LYGEND RESOURCE(02245) rose by over 5%, while Goldman Sachs and Macquarie raised their average nickel price forecast for 2026.

13:54 04/02/2026

Liqin Resources (02245) rose over 5%, as of the time of writing, it has risen by 5.07% to HK$26.96, with a trading volume of HK$6417.17 million.

LYGEND RESOURCE (02245) rose by more than 5%, rising to 5.07% at the time of publication, to 26.96 Hong Kong dollars, with a turnover of 64.17 million Hong Kong dollars. On the news front, Goldman Sachs and Macquarie raised their average price forecasts for nickel in 2026 on Tuesday, citing signals of restricted production from Indonesia, which could lead to tight ore supply in the country. Goldman Sachs raised its 2026 nickel price forecast from $14,800 per ton to $17,200 per ton. Goldman Sachs stated that with the tightening ore supply supporting the market, prices may reach around $18,700 per ton by the second quarter of 2026. Macquarie raised its 2026 LME nickel average price forecast from $15,000 per ton to $17,750 per ton. LYGEND RESOURCE is a global leading nickel head enterprise, covering the entire nickel industry chain. The company started with nickel ore trading and gradually transformed into an industrial company, building a complete nickel industry chain company that covers nickel ore trading, smelting production, equipment manufacturing, and sales. The company has signed long-term trading and supply agreements with mining companies in the Philippines and Indonesia in the upstream, with a total of 400,000 metric tons of nickel capacity on Indonesia's OBI island. In the downstream, the company has expanded into nickel and cobalt sulfate, forming a comprehensive nickel product service system.

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