LYGEND RESOURCE (02245) rose more than 6%, with the stock up 6.41% to HK$12.45 at the time of writing. The trading volume was HK$22.68 million.

The company recently announced that from January to March 2026, its operational scale continued to expand due to the gradual commissioning of KPS production lines. In the three months ended March 31, 2026, the company recorded revenue of approximately RMB 10.5 billion (representing about 57.9% of the RMB 18.15 billion revenue recorded in the six months ended June 30, 2025) and a net profit attributable to owners of the parent of approximately RMB 1.2 billion (close to the RMB 1.43 billion net profit recorded in the six months ended June 30, 2025).

Furthermore, LYGEND RESOURCE addressed market concerns regarding changes to Indonesia's nickel ore benchmark price policy and its potential impact. The company stated that its current production and operations remain normal, with all business activities progressing steadily.

According to analysis, in the short term, policy adjustments in Indonesia are expected to maintain a tight supply situation for nickel ore. Coupled with a sulfur shortage that led to widespread reductions in operating rates at Indonesian MHP smelters in April, the accumulation of refined nickel inventories is projected to slow. There is even potential for a temporary drawdown in inventories, which could support stronger nickel prices.