HK Stock Movement | XINXIN MINING (03833) Rises Over 5% on Indonesia's Policy Expectations, Nickel Supply-Demand Outlook May Improve
Stock News
Dec 23, 2025
XINXIN MINING (03833) surged more than 5%, reaching HK$2.62 by the time of writing, with a trading volume of HK$34.73 million. Recent reports indicate that the Indonesian Nickel Miners Association (APNI) stated the government's nickel ore production target in the 2026 Work Plan and Budget (RKAB) is approximately 250 million tons, a significant 34% drop from the 379 million tons set in the 2025 RKAB. CITIC Futures believes that if the quota is implemented as planned, it will substantially impact the nickel market balance in 2026, significantly reducing surplus expectations.
XINXIN MINING wholly owns four nickel-copper mines—Kalatongke, Huangshandong, Huangshan, and Xiangshan—as well as two vanadium mines, Xianghejie and Mujiahe, and the Karqiar fluorite mine.
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