CNGR(SZ:300919) Zhi Tong Cai Jing·2026-02-11 06:11Core Viewpoint - Zhongwei New Materials (300919) saw a significant increase of over 10%, currently trading at 37.42 HKD with a transaction volume of 94.45 million HKD, driven by news regarding Indonesia's nickel mining quota for 2026, which is set at 260 to 270 million tons, significantly lower than the 2025 target of 379 million tons [1] Group 1: Company Insights - The company has secured a supply of 60 million wet tons of nickel ore through investments, partnerships, long-term agreements, and exclusive sales, which positions it favorably as nickel ore export quotas tighten, potentially leading to price increases [1] - Zhongwei New Materials has established nickel smelting capacity of 195,000 metal tons, creating a vertically integrated ecosystem from resource extraction to smelting and materials, which will positively impact its operating profits as LME nickel prices rise [1] Group 2: Industry Context - Nickel is one of the few non-participants in the ongoing bull market for non-ferrous metals in 2024, according to research from Zhongyou Securities, indicating a potential supply-demand gap due to Indonesian policy changes that could lead to significant price rebounds [1]