LYGEND RESOURCE (02245) saw its shares rise by 5.49% in afternoon trading, currently priced at HKD 29.98, with a turnover of HKD 337 million.

On February 11, reports indicated that PT Weda Bay Nickel, the world's largest nickel mine, has been informed it will receive an ore production quota of 12 million tons for this year. This figure is significantly lower than the 42 million tons anticipated for 2025, representing a sharp 71% decrease that far exceeds market expectations. Furthermore, Indonesia's Ministry of Energy and Mineral Resources announced a nickel ore RKAB quota for 2026 in the range of 260 to 270 million tons. Jianghai Securities believes that Indonesia's substantial reduction in nickel mining quotas, systematic increase in resource taxes, and strengthened crackdown on illegal mining activities are collectively driving a systematic uplift in the central price level of nickel.

Public information shows that LYGEND RESOURCE is a globally leading nickel industry leader with comprehensive coverage across the nickel supply chain. The company started with nickel ore trading and has progressively transitioned into industrial operations, building a fully integrated nickel company. It now covers the entire industrial chain, including nickel ore trading, smelting production, equipment manufacturing, and sales. Upstream, the company has established long-term trading and supply agreements with mining enterprises in countries like the Philippines and Indonesia. Midstream, its operations on Indonesia's OBI Island have formed a total nickel production capacity of 400,000 metal tons. Downstream, it has expanded into products such as nickel-cobalt sulfate, establishing a comprehensive nickel product service system.