智通财经APP获悉，力勤资源(02245)再涨超4%，本周累计涨幅约35%。截至发稿，涨3.31%，报20.58港 元，成交额1.26亿港元。 消息面上，刚果(金)政府于9月20日更新钴出口政策，2025年刚果(金)钴出口禁令延期至10月15日， 2026-2027年钴出口配额仅为年产量的44%。中信证券表示，预计出口配额将导致2025-2027年全球钴供 应量远低于正常水平，钴价有望强势上涨，预计布局印尼钴冶炼的公司以及在刚果(金)拥有矿山的公司 将充分受益于钴价上涨。 民生证券认为，刚果金政府对钴价挺价态度坚决，未来大概率实行配额制，供给收缩大势所趋，钴价中 枢上移明确。公司湿法镍产能位于印尼，销量不受刚果金出口限制影响，完全受益于钴价上涨。 ...

民生证券发布研报称，力勤资源与合作伙伴在印尼Obi岛合作投资镍冶炼产线，湿法镍规划产能合计12 万吨镍+1.4万吨钴，权益产能6.9万吨镍+0.82万吨钴，2024年已全部投产;火法项目一期产能9.5万吨，已 与2023年投产，二期项目部分产线已于2025H1投产，2026年全部投产，公司产能将增至28万吨，权益 产能增至15.5万吨，产能弹性大。 香港联交所最新资料显示，9月25日，力勤资源(02245)股东将股票由德意志银行转入华盛资本证券，转 仓市值5.43亿港元，占比4.86%。 ...

消息面上，刚果(金)政府于9月20日更新钴出口政策，2025年刚果(金)钴出口禁令延期至10月15日， 2026-2027年钴出口配额仅为年产量的44%。据中信证券预计，刚果(金)出口配额政策将导致2025—2027 年全球钴供应量远低于正常水平，供应短缺量分别为12.2/8.8/9.7万吨，钴价有望强势上涨。民生证券认 为，刚果金政府对钴价挺价态度坚决，未来大概率实行配额制，供给收缩大势所趋，钴价中枢上移明 确。公司湿法镍产能位于印尼，销量不受刚果金出口限制影响，完全受益于钴价上涨。 力勤资源(02245)再涨超9%，盘中高见20.44港元再创历史新高。截至发稿，涨9.23%，报20.36港元，成 交额5874.52万港元。 力勤资源 分时图 日K线 周K线 月K线 20.32 1.68 9.01% 11.91% 7.94% 3.97% 0.00% 3.97% 7.94% 11.91% 16.42 17.16 17.90 18.64 19.38 20.12 20.86 09:30 10:30 12:00/13:00 14:00 16:10 0 14万 28万 42万 ...

消息面上，刚果(金)政府于9月20日更新钴出口政策，2025年刚果(金)钴出口禁令延期至10月15日， 2026-2027年钴出口配额仅为年产量的44%。据中信证券预计，刚果（金）出口配额政策将导致2025— 2027年全球钴供应量远低于正常水平，供应短缺量分别为12.2/8.8/9.7万吨，钴价有望强势上涨。民生证 券认为，刚果金政府对钴价挺价态度坚决，未来大概率实行配额制，供给收缩大势所趋，钴价中枢上移 明确。公司湿法镍产能位于印尼，销量不受刚果金出口限制影响，完全受益于钴价上涨。 智通财经APP获悉，力勤资源(02245)再涨超9%，盘中高见20.44港元再创历史新高。截至发稿，涨 9.23%，报20.36港元，成交额5874.52万港元。 ...

Core Viewpoint - The stock of leading global nickel smelter, Lygend Resources (2245.HK), surged over 17% to a record high of 17.95 HKD, with trading volume reaching 320 million HKD, driven by news of the Democratic Republic of Congo lifting its cobalt export ban and implementing annual export quotas [1]. Group 1: Market Dynamics - The Democratic Republic of Congo, the world's largest supplier of cobalt, will allow the export of up to 18,125 tons of cobalt for the remainder of 2025, with annual limits of 96,600 tons for 2026 and 2027 [1]. - Nickel prices are currently at a cyclical low, with clear cost support, indicating a potential for price recovery [1]. Group 2: Company Positioning - Lygend Resources' wet nickel production capacity is located in Indonesia, which is unaffected by the export restrictions from the Democratic Republic of Congo, allowing the company to fully benefit from the anticipated rise in cobalt prices [1]. - The combination of new production capacity and cost advantages significantly enhances the growth potential of Lygend Resources [1].

Group 1 - The core viewpoint of the article highlights the significant stock price increase of Liqin Resources (2245.HK), which surged over 17% to reach a historical high of 17.95 HKD, with a trading volume of 320 million HKD [1] - The Democratic Republic of Congo (DRC), the world's largest cobalt supplier, announced the lifting of its cobalt export ban on October 16, implementing annual export quotas, allowing up to 18,125 tons of cobalt for the remainder of 2025, and annual limits of 96,600 tons for 2026 and 2027 [1] - Analysts indicate that nickel prices are at a cyclical low with clear cost support, and the DRC's export quota system may lead to a supply contraction, which is likely to push cobalt prices higher [1] Group 2 - Liqin Resources benefits from rising cobalt prices as its nickel production capacity is located in Indonesia, unaffected by the DRC's export restrictions, thus enhancing the company's growth potential [1] - The company is expected to see significant growth due to the release of new production capacity and its cost advantages [1]

Group 1 - The core point of the article is that Liqin Resources (02245) experienced a significant stock price increase of 8.1% to HKD 16.54, driven by news regarding cobalt export regulations in the Democratic Republic of Congo [1] - The Congolese government announced an extension of the cobalt export ban until October 15, with a planned lifting on October 16, and will implement annual export quotas [1] - The annual export limit for cobalt is set at 18,125 tons for the remainder of 2025, and 96,600 tons for both 2026 and 2027, indicating a controlled supply environment [1] Group 2 - According to Shenwan Hongyuan, the tightening supply situation is expected to lead to a continued rise in cobalt prices in the short term, with strong long-term support for cobalt price levels due to the government's clear stance on supply control [1] - Minsheng Securities reported that Liqin Resources is collaborating with partners to invest in nickel smelting production lines on Obi Island, Indonesia, with a planned capacity of 120,000 tons of nickel and 14,000 tons of cobalt, all expected to be operational by 2024 [1] - The company has a significant production capacity increase planned, with phase one of the pyrometallurgical project already producing 95,000 tons, and additional production lines expected to come online in 2025 and 2026, raising total capacity to 280,000 tons and equity capacity to 155,000 tons [1]

Group 1 - The core viewpoint of the article highlights that Liqin Resources (02245) experienced a significant stock price increase of over 8%, reaching HKD 16.54, following news of an extension of the cobalt export ban in the Democratic Republic of Congo until October 15, with a subsequent lifting on October 16 and the implementation of annual export quotas [1][1][1] Group 2 - The Congolese government announced that mining companies will be allowed to export a maximum of 18,125 tons of cobalt for the remainder of 2025, with annual limits of 96,600 tons for 2026 and 2027 [1][1][1] - According to Shenwan Hongyuan, the tightening supply situation is expected to lead to a continued rise in cobalt prices in the short term, with strong long-term support for cobalt prices due to the government's clear stance on supply control [1][1][1] Group 3 - Liqin Resources is collaborating with partners to invest in nickel smelting production lines on Obi Island, Indonesia, with a planned capacity of 120,000 tons of nickel and 14,000 tons of cobalt, with a share of 69,000 tons of nickel and 8,200 tons of cobalt expected to be operational by 2024 [1][1][1] - The first phase of the pyrometallurgical project has a capacity of 95,000 tons, with production starting in 2023, and the second phase is expected to have partial production lines operational by the first half of 2025, with full production by 2026, increasing total capacity to 280,000 tons and equity capacity to 155,000 tons [1][1][1] - According to Minsheng Securities, the large scale and cost advantages of Liqin Resources' nickel production capacity in Indonesia are expected to significantly benefit from the rising cobalt prices [1][1][1]