Australia's Nickel Industries extends gains on Sphere Corp deal
05/01/2026 02:19
** Shares of Nickel Industries NIC.AX rise 4.4% to A$0.938, their highest level since November 19, 2024 ** Stock extends gain from previous session, when the company said South Korea's Sphere Corp 347700.KQ will buy a 10% stake in its Excelsior Nickel Cobalt high-pressure acid leach (HPAL) project at a $2.4 billion valuation ** NIC stock set for a fourth consecutive session of gains, if current trend holds ** Stock up 1.2% in 2025 (Reporting by Jasmeen Ara Shaikh in Bengaluru) ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))