Zhi Tong Cai Jing·2026-02-25 03:03Core Viewpoint - Nickel stocks experienced a significant increase in early trading, driven by news of a landslide at the Morowali nickel mining center in Indonesia, which resulted in one worker's death and damage to several mining vehicles [1] Group 1: Stock Performance - Liqin Resources (02245) rose by 8.33%, trading at HKD 29.64 [1] - Xinjiang Xinxin Mining (03833) increased by 3.42%, trading at HKD 2.72 [1] - Zhongwei New Materials (300919) saw a rise of 3.4%, trading at HKD 38.28 [1] Group 2: Impact of the Landslide - The landslide at the Morowali nickel mining center is expected to affect nickel production in Indonesia [1] - According to Founder Securities, the Indonesian government is supportive of nickel prices, which are expected to remain above USD 18,000 [1] Group 3: Future Nickel Supply and Pricing - The Indonesian government projects nickel ore quotas for 2026 to be between 250-260 million tons, a decrease of over 34% compared to 379 million tons in 2025 [1] - Guosen Securities reports that Indonesia is the world's largest nickel supplier and has a mature quota system, indicating potential policy adjustments to increase mining development costs and barriers [1] - Future changes in nickel prices will largely depend on adjustments to Indonesia's nickel ore quotas, with the possibility of extreme tightening of supply by the Indonesian government being a potential risk [1]