HK Stock Market Move | LYGEND RESOURCE (02245) rose more than 11% in the afternoon as Indonesian nickel mine quotas disrupted the market. The company comprehensively covers the nickel industry chain.

LYGEND RESOURCE (02245) rose more than 11% in the afternoon, reaching a rise of 11.01% by the time of publication, trading at 26.42 Hong Kong dollars with a turnover of 170 million Hong Kong dollars. On the news front, on January 23rd, Shanghai nickel futures main contract continued to rise by nearly 5%, trading at 149,290 yuan/ton. According to previous reports, Indonesia may approve quotas for the production of about 260 million metric tons of nickel ore by 2026. China Post Securities pointed out that nickel is one of the rare varieties of non-ferrous metals that have been absent from the bull market since 2024. As of January 5, 2026, starting in 2024, nickel has only risen by 3%, compared to precious metals, industrial metals such as copper, aluminum, and zinc, as well as energy metals like cobalt and lithium carbonate, the difference in price increases is quite large. Once Indonesian policies create a supply-demand gap for the variety, there may be a possibility of a significant rebound potential. LYGEND RESOURCE is a leading global nickel industry company, covering the entire nickel industry chain. The company started with nickel ore trading, gradually transitioned to industrial manufacturing, and has built a complete nickel industry chain company, currently covering complete industry chain links such as nickel ore trading, smelting production, equipment manufacturing, and sales.