Australia's Nickel Industries rebounds on recovering nickel prices

Nickel Industries

08/04/2025 03:57

** Shares of Nickel Industries NIC.AX rise as much as  3% to A$0.52, their biggest intraday gain since March 26

** Shares of nickel pig iron producer recover after having closed 2% lower on the previous trading session on weakened nickel prices and soured investor sentiment on recession fears

** Nickel prices stabilise on the day as investors await further clues on the outlook for the global economy amid a global trade war MET/L

** Shares of co last up 1.5%, down 38.2% YTD

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))