LYGEND RESOURCE Assures Operational Stability Amid Indonesian Nickel Policy Changes

Stock News
Apr 15

LYGEND RESOURCE (02245) has issued an announcement addressing market concerns regarding recent changes to Indonesia's nickel ore benchmark price policy and their potential impact on the company. To prevent any possible confusion among its shareholders and potential investors, the company provided the following update: Current production and operational activities continue normally, with all business segments advancing steadily. The company consistently adopts a proactive approach to its macro-policy environment, which includes thoroughly assessing the impact of any major policies related to upstream and downstream sectors. It implements various measures focused on procurement, production, and sales to mitigate risks and ensure stable operations. Over the long term, LYGEND RESOURCE has maintained a strong cooperative relationship with its Indonesian partners, with whom it jointly invested in and developed the Obi project. Through the Obi project, both parties have delivered solid returns to their respective shareholders. They continuously monitor any risk factors that could affect the project's smooth operation and engage in timely consultations to implement necessary countermeasures. The relationship between LYGEND RESOURCE and its Indonesian partners is reinforced by both equity ties and operational synergy, with communication and collaboration consistently built on a foundation of mutual trust and shared benefits.

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