The Zhitong Finance App learned that Liqin Resources (02245) rose more than 5% at the end of the session. As of press release, it rose 5.47% to HK$15.81, with a turnover of HK$46.488 million.

According to the news, a number of Chinese nickel producers, represented by Aoyama Holdings, Grimmie, Liqin Resources, and Huayou Cobalt, are planning to hold a meeting this week to discuss cutting production in the Indonesian business. The Financial Services Association reporter sought evidence from a number of related companies and industry chain companies as investors. All parties denied attending the relevant meetings at the beginning of this week. However, some industry insiders said that the rumor did not come out of nowhere; some leading companies did intend to cut production, but the intensity was far from the rumor.

Notably, the decline is that Liqin Resources was listed on the main board of the Shenzhen Stock Exchange on September 30, marking the completion of the “A+H” dual capital platform layout, a leader in the global nickel industry chain. Liqin Resources said earlier that the net profit for the first three quarters is expected to be about 3.15 billion yuan to 3.25 billion yuan, up about 54.0% to 58.9% year on year; operating income is about 380.0 billion yuan to 42.0 billion yuan, up about 27.9% to 41.4% year on year.

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