Group 1 - Xinjiang Xinxin Mining (03833) saw a significant increase in stock price, rising by 7.66% to HKD 2.67, with a trading volume of HKD 13.37 million [1] - The London Metal Exchange nickel futures rose by 2.6%, indicating a positive trend in the nickel market [1] - Indonesia has mandated a 70% reduction in ore quotas from the Weda Bay nickel mine, the largest nickel mine globally, which could impact supply dynamics [1] Group 2 - China Postal Securities noted that nickel is one of the few metals absent from the ongoing bull market in non-ferrous metals for 2024, suggesting potential for price recovery [1] - The firm believes that if Indonesian policies create a supply-demand gap, there could be a significant rebound in nickel prices [1] - Xinjiang Xinxin Mining fully owns four nickel-copper mines: Kalatongke, Huangshandong, Huangshan, and Xiangshan, positioning the company favorably in the nickel market [1]
港股异动 | 新疆新鑫矿业(03833)尾盘涨超7% 据报位于印尼的全球最大镍矿被要求削减产量