Jefferies flags Indonesia regulatory risk for Australia's Nickel Industries
17/06/2026 21:21
BUZZ-Jefferies flags Indonesia regulatory risk for Australia's Nickel Industries ** Jefferies says a potential inclusion of Nickel Industries' NIC.AX Nickel Pig Iron (NPI) under Indonesia's Domestic Sales Obligation is a new and emerging regulatory overhang
** The inclusion will require the miner to sell a portion of its NPI output domestically
** Brokerage says the government supports the new HPM ore pricing formula; but while this has increased royalty payments, the actual price paid for ore remains unchanged
** Reiterates 'hold' rating with a price target of A$1
** Six of seven analysts rate the stock "buy" and one "hold"; their median price target is A$1.18, as per data compiled by LSEG
** ~Up 20% YTD, as of last close
($1 = 1.4271 Australian dollars)
(Reporting by Anjali Singh in Bengaluru)
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