CNGR (02579) rose more than 10%, with a gain of 10.32% to HK$37.42 at the time of writing, and a turnover of HK$94.45 million. On the news front, Indonesia's Ministry of Energy and Mineral Resources issued the 2026 nickel mining RKAB quota on February 10. Tri Winarno, Director of Minerals and Coal, confirmed that the approved production for this year is only 260 to 270 million tons, significantly lower than the 2025 target of 379 million tons. A previous research report by China Post Securities noted that nickel is one of the few non-ferrous metals that has missed the bull market in the sector so far in 2024. The report suggests that if Indonesia's policies lead to a supply-demand gap for the metal, there may be potential for a sharp rebound. CNGR previously stated during institutional research that the company has secured supply for 600 million wet tons of nickel ore resources through investments, equity participation, long-term agreements, and offtake contracts. As nickel ore export quotas tighten in the future, nickel ore prices are expected to rise, which will positively impact the profitability of the nickel ore resources in which the company is involved. Additionally, the company has already established nickel resource smelting capacity of 195,000 metal tons, creating a vertically integrated industrial chain encompassing resources, smelting, and materials. The rise in LME nickel prices will have a positive effect on the company's operating profits.