Aussie nickel miners gain as New Caledonia riots lead to price jump

Nickel Industries

20/05/2024 03:58

** Shares of Australian nickel miners on the rise after
underlying prices of the metal surged 7% over the weekend
    ** The surge in nickel prices comes after New Caledonia, a
key global supply region for the metal, faced an outbreak of
riots over a constitutional amendment that will change who is
allowed to participate in elections
    ** Shares of the largest nickel miner on ASX, Nickel
Industries  NIC.AX  rises 4.2% to A$1.06
    ** BHP  BHP.AX , the world's largest miner, has nickel
operations and is currently rising 2.1%
    ** Diversified miner South32  S32.AX  up 2.3%
    ** The Australian metal index  .AXMM  jumps 2.2%
    

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))