Group 1 - Cobalt stocks continue to rise, with Liqin Resources up 6.68% to HKD 17.4 and Luoyang Molybdenum up 0.55% to HKD 12.9 [1] - The Congolese government updated its cobalt export policy on September 20, extending the export ban to October 15, 2025, and setting export quotas for 2026-2027 at only 44% of annual production [1] - CITIC Securities predicts that the export quotas will lead to significantly lower global cobalt supply from 2025 to 2027, resulting in a strong potential increase in cobalt prices [1] Group 2 - Morgan Stanley notes that if Luoyang Molybdenum receives proportional quotas, potential sales could be approximately 8,600 tons in Q4 2025 and about 43,600 tons for 2026-2027 [1] - Minsheng Securities highlights that Liqin Resources has a large-scale wet nickel production capacity in Indonesia, which positions the company to benefit significantly from rising cobalt prices [1]

Group 1 - The core viewpoint is that Likin Resources (02245.HK) has successfully transformed from a nickel trading company to a leading nickel smelting enterprise, with its stock price reaching a historical high and a significant increase in market capitalization [1][3] - Over the past 13 months, the company's stock price has surged from 4.13 HKD to approximately 17 HKD, representing a remarkable increase of 290% [1][3] - The company was listed on the Hong Kong Stock Exchange at the end of 2022 and operates across the entire nickel industry chain, leading in both trading and production of nickel products [3] Group 2 - In the first half of the year, the company's revenue reached 18.147 billion HKD, a year-on-year increase of 66.8%, while profit was 2.249 billion HKD, up 131.7% year-on-year [3] - Minsheng Securities has given a "recommended" rating, noting that nickel prices are at a cyclical low with clear cost support, and the government of the Democratic Republic of the Congo is likely to implement quota systems, leading to supply contraction [3] - The company's wet nickel production capacity is located in Indonesia, which is not affected by export restrictions from the Democratic Republic of the Congo, allowing it to fully benefit from rising cobalt prices [3]

Core Viewpoint - The stock of leading global nickel smelter, Lygend Resources (2245.HK), surged over 17% to a record high of 17.95 HKD, with trading volume reaching 320 million HKD, driven by news of the Democratic Republic of Congo lifting its cobalt export ban and implementing annual export quotas [1]. Group 1: Market Dynamics - The Democratic Republic of Congo, the world's largest supplier of cobalt, will allow the export of up to 18,125 tons of cobalt for the remainder of 2025, with annual limits of 96,600 tons for 2026 and 2027 [1]. - Nickel prices are currently at a cyclical low, with clear cost support, indicating a potential for price recovery [1]. Group 2: Company Positioning - Lygend Resources' wet nickel production capacity is located in Indonesia, which is unaffected by the export restrictions from the Democratic Republic of Congo, allowing the company to fully benefit from the anticipated rise in cobalt prices [1]. - The combination of new production capacity and cost advantages significantly enhances the growth potential of Lygend Resources [1].

Group 1 - The core viewpoint of the article highlights the significant stock price increase of Liqin Resources (2245.HK), which surged over 17% to reach a historical high of 17.95 HKD, with a trading volume of 320 million HKD [1] - The Democratic Republic of Congo (DRC), the world's largest cobalt supplier, announced the lifting of its cobalt export ban on October 16, implementing annual export quotas, allowing up to 18,125 tons of cobalt for the remainder of 2025, and annual limits of 96,600 tons for 2026 and 2027 [1] - Analysts indicate that nickel prices are at a cyclical low with clear cost support, and the DRC's export quota system may lead to a supply contraction, which is likely to push cobalt prices higher [1] Group 2 - Liqin Resources benefits from rising cobalt prices as its nickel production capacity is located in Indonesia, unaffected by the DRC's export restrictions, thus enhancing the company's growth potential [1] - The company is expected to see significant growth due to the release of new production capacity and its cost advantages [1]

Group 1 - The stock of Liqin Resources opened over 8% higher, reaching an increase of 8.1% to HKD 16.54 [2] - The trading volume amounted to HKD 7.5158 million [2]

Group 1 - The core point of the article is that Liqin Resources (02245) experienced a significant stock price increase of 8.1% to HKD 16.54, driven by news regarding cobalt export regulations in the Democratic Republic of Congo [1] - The Congolese government announced an extension of the cobalt export ban until October 15, with a planned lifting on October 16, and will implement annual export quotas [1] - The annual export limit for cobalt is set at 18,125 tons for the remainder of 2025, and 96,600 tons for both 2026 and 2027, indicating a controlled supply environment [1] Group 2 - According to Shenwan Hongyuan, the tightening supply situation is expected to lead to a continued rise in cobalt prices in the short term, with strong long-term support for cobalt price levels due to the government's clear stance on supply control [1] - Minsheng Securities reported that Liqin Resources is collaborating with partners to invest in nickel smelting production lines on Obi Island, Indonesia, with a planned capacity of 120,000 tons of nickel and 14,000 tons of cobalt, all expected to be operational by 2024 [1] - The company has a significant production capacity increase planned, with phase one of the pyrometallurgical project already producing 95,000 tons, and additional production lines expected to come online in 2025 and 2026, raising total capacity to 280,000 tons and equity capacity to 155,000 tons [1]

Group 1 - The core viewpoint of the article highlights that Liqin Resources (02245) experienced a significant stock price increase of over 8%, reaching HKD 16.54, following news of an extension of the cobalt export ban in the Democratic Republic of Congo until October 15, with a subsequent lifting on October 16 and the implementation of annual export quotas [1][1][1] Group 2 - The Congolese government announced that mining companies will be allowed to export a maximum of 18,125 tons of cobalt for the remainder of 2025, with annual limits of 96,600 tons for 2026 and 2027 [1][1][1] - According to Shenwan Hongyuan, the tightening supply situation is expected to lead to a continued rise in cobalt prices in the short term, with strong long-term support for cobalt prices due to the government's clear stance on supply control [1][1][1] Group 3 - Liqin Resources is collaborating with partners to invest in nickel smelting production lines on Obi Island, Indonesia, with a planned capacity of 120,000 tons of nickel and 14,000 tons of cobalt, with a share of 69,000 tons of nickel and 8,200 tons of cobalt expected to be operational by 2024 [1][1][1] - The first phase of the pyrometallurgical project has a capacity of 95,000 tons, with production starting in 2023, and the second phase is expected to have partial production lines operational by the first half of 2025, with full production by 2026, increasing total capacity to 280,000 tons and equity capacity to 155,000 tons [1][1][1] - According to Minsheng Securities, the large scale and cost advantages of Liqin Resources' nickel production capacity in Indonesia are expected to significantly benefit from the rising cobalt prices [1][1][1]

Group 1 - Ningbo Bangpu Times New Energy Co., Ltd. reduced its stake in Liqian Resources (02245) by 5.8492 million shares at a price of HKD 15.5027 per share, totaling approximately HKD 90.6784 million [1] - After the transaction, the latest shareholding number is approximately 43.3284 million shares, representing a holding percentage of 7.87% [1] - The transaction involves related parties: Guangdong Bangpu Recycling Technology Co., Ltd. and Hong Kong Bangpu Times New Energy Co., Ltd. [1]

Group 1 - Ningbo Bangpu Times New Energy Co., Ltd. reduced its stake in Liqin Resources (02245) by 5.8492 million shares at a price of HKD 15.5027 per share, totaling approximately HKD 90.6784 million [1] - After the transaction, the latest shareholding number is approximately 43.3284 million shares, representing a holding percentage of 7.87% [1] - The transaction involves related parties: Guangdong Bangpu Recycling Technology Co., Ltd. and Hong Kong Bangpu Times New Energy Co., Ltd. [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Lygend Resources & Technology Co., Ltd. 寧波力勤資源科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2245） 於二零二五年九月十一日（星期四）舉行的股東特別大會之表決結果 寧波力勤資源科技股份有限公司（「本公司」）已於二零二五年九月十一日上午十時正假 座中華人民共和國浙江省寧波市鄞州區光華路299弄研發園C10幢10樓舉行股東特別大 會（「股東特別大會」）。股東特別大會乃根據中國公司法及本公司組織章程細則的規定舉 行。 除上文所披露者外，就董事所深知、盡悉及確信，概無其他股東須於股東特別大會上放 棄投票。因此，合共1,292,377,600股股份（佔本公司已發行股份約83%）賦予獨立股東權 利出席並投票贊成或反對有關第1項至第3項決議案，合共持有1,045,583,459股投票權股 份（佔本公司已發行股份約67%）的股東已出席股東特別大 ...