Group 1 - Nickel stocks rose in early trading, with Liqin Resources (02245) up 11.22% at HKD 25.78, Zhongwei New Materials (02579) up 9.14% at HKD 39.16, and Xinjiang Xin Mining (03833) up 4.63% at HKD 2.94 [1] - The price of nickel on the London Metal Exchange closed at 18,785, an increase of 6.7%, while the Shanghai nickel futures closed at 148,930, up 5.6% [1] - Indonesia may approve a nickel ore production quota of approximately 260 million tons by 2026, according to local media citing mining officials [1] Group 2 - CITIC Futures anticipates that the theoretical demand for nickel ore in Indonesia will exceed the currently proposed quota of 260 million wet tons by approximately 15% in 2026, as it is a period of concentrated release of new capacity for Indonesian hydrometallurgical (HPAL) projects [1] - If this quota is implemented, it could lead to significant tightening expectations in the market [1]