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NIC — Nickel Industries News Story

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Australia's Nickel Industries rises after Indonesian refinery produces first nickel cathode

BUZZ-Australia's Nickel Industries rises after Indonesian refinery produces first nickel cathode

** Shares of Nickel Industries NIC.AX climb as much as 3% to A$0.860 by midday Sydney trading, highest level since July 24

** Nickel producer says its key refinery project in Indonesia has produced its first nickel cathode

** Refinery is now converting its own mixed hydroxide precipitate, a nickel product, into nickel cathode, company says

** Day's gains push the stock into positive territory for the year, with stock last up 2.7% YTD


(Reporting by Subhalakshmi Dey in Bengaluru)

((Subhalakshmi.Dey@thomsonreuters.com;))

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