LYGEND RESOURCE (02245) saw its shares climb more than 5%. As of the time of writing, the stock was up 5.07%, trading at HKD 26.96, with a turnover of HKD 64.17 million. The upward movement follows reports that both Goldman Sachs and Macquarie raised their average nickel price forecasts for 2026 on Tuesday, citing expectations of tighter ore supply after Indonesia signaled potential output restrictions. Goldman Sachs increased its 2026 nickel price prediction to $17,200 per tonne, up from a previous estimate of $14,800 per tonne. The investment bank suggested that prices could potentially reach around $18,700 per tonne by the second quarter of 2026, supported by tightening ore supply conditions in the market. Concurrently, Macquarie lifted its forecast for the London Metal Exchange nickel average price in 2026 to $17,750 per tonne, compared to its prior projection of $15,000 per tonne. LYGEND RESOURCE is recognized as a globally leading nickel industry player with comprehensive coverage across the entire nickel supply chain. Originating from nickel ore trading, the company has progressively transitioned into industrial manufacturing, establishing itself as a fully integrated nickel enterprise. Its operations now span the complete industrial chain, encompassing nickel ore trading, smelting production, equipment manufacturing, and sales. The company secures its upstream supply through long-term trade and supply agreements with mining enterprises in countries like the Philippines and Indonesia. In the midstream segment, it has developed a total nickel production capacity of 400,000 metal tonnes on Indonesia's Obi Island. For the downstream sector, LYGEND has expanded into products such as nickel sulfate and cobalt sulfate, forming a comprehensive nickel product and service system.