Core Viewpoint - The stock price of Liqin Resources (02245) has surged over 13%, reaching a historical high of 25.6 HKD, with an 80% increase in the past month, driven by changes in cobalt export policies in the Democratic Republic of Congo [2]. Group 1: Company Performance - Liqin Resources' stock price increased by 13.45%, trading at 25.48 HKD with a transaction volume of 201 million HKD [2]. - The company's wet-process nickel production capacity is located in Indonesia, which is not affected by the cobalt export restrictions from the Democratic Republic of Congo, allowing it to fully benefit from rising cobalt prices [2]. Group 2: Industry Context - The government of the Democratic Republic of Congo updated its cobalt export policy on September 20, extending the cobalt export ban to October 15, 2025, and limiting export quotas for 2026-2027 to only 44% of annual production [2]. - Huachuang Securities believes that the Congolese government's ban and quota policy will exacerbate the shortage of cobalt raw materials, potentially accelerating the rise in cobalt prices [2]. - Minsheng Securities indicates that the Congolese government's firm stance on supporting cobalt prices suggests a high likelihood of implementing quota systems, leading to a contraction in supply and a clear upward shift in cobalt price levels [2].
力勤资源涨超13%再创新高 近一个月股价累涨八成 印尼湿法镍产能有望受益钴价上涨