Core Viewpoint - The stock of Lygend Resources (02245) rose over 7% in early trading, reflecting positive market sentiment amid changes in Indonesia's nickel production targets [1] Group 1: Company Performance - Lygend Resources' stock increased by 7.46%, reaching HKD 17.71, with a trading volume of HKD 11.91 million [1] - The company has achieved full production capacity in its 120,000 wet process project in Indonesia, and the first phase of its pyrometallurgical project is in stable production [1] Group 2: Industry Insights - The Indonesian government has set a nickel ore production target of approximately 250 million tons for the 2026 work plan and budget, a significant decrease from the 379 million tons target set for 2025 [1] - The Secretary-General of the Indonesian Nickel Miners Association (APNI) stated that the reduction in production plans aims to prevent further declines in nickel prices [1] - Morgan Stanley's latest report predicts that nickel prices will rebound to USD 15,500 per ton by 2026, with supply and demand expected to grow simultaneously [1] - The second phase of Lygend's pyrometallurgical project, with an annual design capacity of 185,000 tons of nickel iron, is progressing steadily, with all production lines expected to be completed by 2026 [1]
港股异动 | 力勤资源(02245)早盘涨超7% 印尼拟在2026年大幅下调镍矿产量目标