Core Viewpoint - The stock of Liqin Resources (02245) has surged over 5%, reaching a new high of 26.46 HKD, driven by a significant increase in cobalt prices due to supply constraints from the Democratic Republic of Congo (DRC) [1] Industry Summary - On September 29, the domestic cobalt market experienced a dramatic surge, with the average price of 1 cobalt reported at 337,000 RMB/ton, marking a substantial increase of 29,000 RMB from the previous trading day, the largest single-day rise this year [1] - Huachuang Securities suggests that the DRC government's ban and quota policies are exacerbating the tight supply of cobalt, leading to a strong upward trend in cobalt prices [1] - The DRC is expected to implement a quota of 18,000 tons starting in 2025, and considering transportation time, there will be a supply gap within the year, compounded by seasonal demand and smelter restocking, which will further tighten raw material availability and increase cobalt prices [1] - Minsheng Securities' recent report indicates that the domestic raw material shortage is intensifying, and the DRC government's firm stance on price support suggests that a quota system is likely to be implemented, leading to a probable contraction in supply and a clear upward shift in cobalt price levels [1] Company Summary - The company’s wet nickel production capacity is located in Indonesia, which is not affected by the DRC's export restrictions, allowing it to fully benefit from the rising cobalt prices [1] - The combination of new production capacity and cost advantages significantly enhances the company's growth potential [1]
港股异动 | 力勤资源(02245)涨超5%再创新高 钴价中枢上移明确 机构称公司印尼湿法镍产能有望受益