Australia's Centaurus Metals rises on nickel deal with Glencore

Centaurus Metals

16/03/2026 01:09

** Shares of Australia's Centaurus Metals CTM.AX rise as much as 9.4% to A$0.58

** Stock hits its biggest intraday pct gain since March 10

** The mineral explorer says it entered an agreement with Glencore GLEN.L

** Says agreement for supply of nickel concentrate from co's Jaguar Nickel Sulphide Project in Brazil

     ** Adds that estimated value of agreement, at current nickel prices, exceeds $450 million

** Despite moves, CTM stock down 8.6% YTD

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))