Lygend Resources (02245) surged more than 6% in late trading. As of press time, the stock was up 5.88% at HK$20.0, with turnover of HK$191 million.

On the news front, on September 30, Lygend Resources & Technology Co.,Ltd. (02245) officially listed on the Shenzhen Stock Exchange Main Board, marking the completion of a dual "A+H" capital platform layout for this global nickel industry chain leader, making it the first "H-to-A" listed company on the Shenzhen Main Board since the full implementation of the registration-based system. By market close, N Lygend rose 206.6% to 65.09 yuan.

The prospectus shows that Lygend Resources & Technology Co.,Ltd. (02245) has main business operations covering upstream nickel resource procurement, nickel product trading, and the production and sale of nickel products. The company started with nickel product trading and, after years of vertical integration along the industry chain, has formed an integrated business layout covering nickel product trading and the production and sale of nickel products.

According to a China Insights Consultancy report, in 2024 the company ranked first globally in nickel product trading volume, equivalent to 10.4% of global nickel product market demand that year; the company is also China's largest nickel ore supplier, with a market share of approximately 35.8% that year.

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