CNGR(SZ:300919) 智通财经网·2026-02-11 06:03Core Viewpoint - Zhongwei New Materials (02579) experienced a significant increase of over 10%, reaching a price of HKD 37.42, with a trading volume of HKD 94.45 million [1] Group 1: Industry Insights - The Indonesian Ministry of Energy and Mineral Resources (ESDM) announced a nickel ore RKAB quota for 2026, with an approved production target of only 260 million to 270 million tons, significantly lower than the 2025 target of 379 million tons [1] - According to Zhongyou Securities, nickel is one of the few non-participants in the current bull market for non-ferrous metals in 2024. The firm believes that if Indonesian policies create a supply-demand gap, there could be a potential for a significant price rebound [1] Group 2: Company Developments - Zhongwei New Materials has secured a supply of 600 million wet tons of nickel ore through investments, equity participation, long-term cooperation agreements, and exclusive sales, which is expected to positively impact profitability as nickel ore export quotas tighten [1] - The company has established nickel resource smelting capacity of 195,000 metal tons, creating a vertically integrated ecosystem from resource extraction to smelting and materials. An increase in LME nickel prices is anticipated to positively affect the company's operating profits [1]