LYGEND RESOURCE (02245) saw its shares rise more than 6% during the trading session. At the time of writing, the stock was up 3.85%, trading at HK$12.15, with a turnover of HK$47.9869 million.

Recently, LYGEND RESOURCE released an announcement stating that from January to March 2026, benefiting from the successive commissioning of the KPS production lines, the company's operational scale continued to expand. For the three months ended March 31, 2026, the company recorded revenue of approximately RMB 10.5 billion (representing about 57.9% of the revenue of approximately RMB 18.15 billion recorded for the six months ended June 30, 2025). Net profit attributable to owners of the parent company was approximately RMB 1.2 billion, which is close to the net profit attributable to owners of the parent of approximately RMB 1.43 billion recorded for 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 on the company. The company stated that its current production and operations are maintaining normal functionality, with all business activities progressing steadily. Minmetals Securities believes that, in the short term, policy disruptions in Indonesia are driving the nickel ore market to remain tight. Coupled with a sulfur shortage leading to a widespread reduction in operating rates at Indonesian MHP smelters in April, it is anticipated that the accumulation of refined nickel inventories will slow, with the possibility of even a phase of inventory drawdown. This is expected to support nickel prices in maintaining a relatively strong performance.