HK Stock Market Move | LYGEND RESOURCE (02245) rose by more than 5% again, with expectations of continued tightening in Indonesian supply. The nickel price center is expected to rise.

LYGEND RESOURCE (02245) rose more than 5%, up 5% to HK$29.84 as of the time of writing, with a turnover of HK$273 million. On the news front, on February 11, it was reported that the world's largest nickel mine, PT Weda Bay Nickel, has been informed that it will receive a production quota of 12 million tons of ore this year, far below the 42 million tons in 2025, a 71% decrease, far exceeding market expectations. In addition, Indonesia's Ministry of Energy and Mineral Resources has issued a nickel mine RKAB quota of 26-27 million tons for 26 years. Jianghai Securities believes that Indonesia's significant reduction in nickel mining quotas, systematic increase in resource taxes and fees, and stronger crackdown on illegal mining will continuously push up the nickel price. Public information shows that LYGEND RESOURCE is a global leading nickel head enterprise that fully covers the nickel industry chain. The company started with nickel ore trading, gradually transformed into an industrial entity, and developed into a company covering the entire nickel industry chain, including nickel ore trading, smelting production, equipment manufacturing, and sales. The company has signed long-term trade and supply agreements with mining companies in the Philippines and Indonesia in the upstream, with a total nickel production capacity of 400,000 metric tons on OBI Island in Indonesia, and has expanded downstream to include nickel-cobalt sulfate, forming a comprehensive nickel product service system.