Core Viewpoint - The stock of Liqin Resources (02245) has surged over 9%, reaching a new historical high of 20.44 HKD, driven by changes in cobalt export policies in the Democratic Republic of Congo (DRC) [2] Group 1: Company Performance - Liqin Resources' stock price increased by 9.23%, trading at 20.36 HKD with a transaction volume of 58.74 million HKD [2] - The company benefits from rising cobalt prices due to supply constraints, as its nickel production capacity is located in Indonesia and is not affected by DRC's export restrictions [2] Group 2: Industry Context - The DRC government updated its cobalt export policy, extending the export ban to October 15, 2025, and limiting export quotas for 2026-2027 to 44% of annual production [2] - According to CITIC Securities, the DRC's export quota policy is expected to lead to a significant global cobalt supply shortage, with shortfalls of 122,000 tons, 88,000 tons, and 97,000 tons for the years 2025, 2026, and 2027 respectively [2] - Minsheng Securities believes that the DRC government is determined to support cobalt prices, indicating a likely shift towards a quota system and a clear upward trend in cobalt price levels [2]
力勤资源再涨超9% 股价刷新历史新高 公司印尼湿法镍产能有望受益钴价上涨