Group 1 - The core viewpoint of the article highlights that Lygend Resources (02245) has seen a significant stock price increase, rising over 8% and currently trading at HKD 23.18, with a transaction volume of HKD 66.95 million [1] - The Indonesian Nickel Miners Association (APNI) announced a substantial reduction in the nickel ore production target for 2026 to approximately 250 million tons, down from 379 million tons set for 2025, aimed at preventing further declines in nickel prices [1] - There may be a revision in the calculation formula for the nickel reference price (HPM), focusing on treating by-products like cobalt as independent commodities subject to royalties [1] Group 2 - Minsheng Securities noted that Lygend Resources, in partnership, is investing 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 equity capacity of 69,000 tons of nickel and 8,200 tons of cobalt, expected to be fully operational by 2024 [1] - The first phase of the pyrometallurgical project has a capacity of 95,000 tons, which began production in 2023, while parts of the second phase are expected to start production in the first half of 2025, with full production anticipated by 2026 [1] - The company's total capacity will increase to 280,000 tons, with equity capacity rising to 155,000 tons, indicating significant production flexibility [1]
力勤资源再涨超8% 印尼政策扰动镍市 公司火法项目2026年全部投产