Lygend Resources' Indonesia Project Starts Commercial Operation; Shares Jump 5%

MT Newswires Live

Jun 05

Lygend Resources & Technology (HKG:2245) said all production lines at the KPS project, the second phase of its RKEF ferronickel project in Indonesia, commenced commercial operation in May, according to a Thursday Hong Kong bourse filing.

The KPS project comprises 12 production lines with a designed annual capacity of 185,000 metal tons of ferronickel.

The startup means all production lines at the company's Obi Island project are now fully operational, giving Lygend a total annual nickel production capacity of 400,000 metal tons.

Shares of the nickel company gained over 5% in Friday morning trade.

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Technology (HKG:2245) said all production lines at the KPS project, the second phase of its RKEF ferronickel project in Indonesia, commenced commercial operation in May, according to a Thursday Hong Kong bourse filing.</p><p>The KPS project comprises 12 production lines with a designed annual capacity of 185,000 metal tons of ferronickel.</p><p>The startup means all production lines at the company's Obi Island project are now fully operational, giving Lygend a total annual nickel production capacity of 400,000 metal tons.</p><p>Shares of the nickel company gained over 5% in Friday morning trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02245","symbol_name":"力勤资源","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2641999951","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2641999951","pubTimestamp":1780625689,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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