The Zhitong Finance App learned that Liqin Resources (02245) rose more than 6% at the end of the session. As of press release, it rose 4.78% to HK$17.54, with a turnover of HK$41.0816 million.

According to the news, Liqin Resources recently issued an announcement. Relying on the continuous release of production capacity at the Obi Island nickel smelting site in Indonesia, the company's overall business scale expanded rapidly in the first three quarters, achieving operating income of 37.493 billion yuan, an increase of 26.22% over the previous year; net profit to mother was 3.320 billion yuan, an increase of 62.31% year on year

Changjiang Securities pointed out that Indonesia's control of nickel ore RKAB is tightening supply, and nickel prices are strongly supported by 15,000 to 16,000 US dollars. The Indonesian government stated the revised quota of 290 million to 300 million tonnes in 2026. In 2027, the excess will be considered, and RKAB will be lower than the total volume in 2026. As a country that accounts for nearly 70% of global nickel production, mine quota control is expected to provide bottom support for nickel prices.

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