Australia's Nickel Industries hits over 2-month high on strong quarterly update

Nickel Industries

29/04/2026 04:56

** Shares of Nickel Industries NIC.AX rise as much as 3.9% to A$1.06, their highest level since February 20

** Set for best session since April 14

** Nickel producer posts adjusted EBITDA from operations of A$135.6 million ($97.12 million), up from A$97.3 million reported a year ago

** Says Hengjaya Mine is partially exposed to diesel price movements arising from geopolitical tensions in the Middle East

** Excelsior Nickel Cobalt had stockpiled sulfur at prices lower than the current spot price in anticipation of commissioning

** Stock is up 26.1% YTD, including the session's moves

($1 = 1.3963 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))