What did Nickel Industries report?

• Record Hengjaya Mine ore sales: 4.49 million wmt, up 56% on the previous quarter
• Group Adjusted EBITDA: US$125.9 million, up 4% quarter-on-quarter
• Attributable EBITDA: US$102.4 million, up 3%
• Unit operating costs at Hengjaya Mine: US$18.5/wmt, down 15%
• ENC HPAL reached first MHP and cathode production, with commissioning well advanced
• US$245 million debt facility secured for ENC post-quarter end

What else do investors need to know?

Nickel Industries continues to expand its portfolio, progressing interests in multiple nickel and HPAL projects, including expected full ramp-up of ENC once wet season conditions return. Severe El Niño-driven dry conditions affected ore hauling and water supply, temporarily limiting output at some operations.

Safety performance remained robust, with a low lost-time injury frequency rate and significant hours worked without significant incident. The company also achieved high scores for sustainability, ranking in the top 20% of Asia Pacific metals and mining peers for ESG.

What did Nickel Industries management say?

Managing Director Justin Werner commented:

The September quarter delivered another strong, consistent quarter of EBITDA with Adjusted EBITDA up 4% to US$125.9m and Attributable EBITDA of US$102.4m. Once again, our Hengjaya Mine delivered record quarterly ore sales of 4.49 million wmt, up 56%, and record Adjusted EBITDA of US$76.9m, up 68% – its second consecutive quarterly record… Once normal rainfall returns, the Company is very well positioned to further grow its EBITDA profile as it starts to recognise additional cashflow contribution from its ENC operations.

What's next for Nickel Industries?

Looking forward, full production ramp-up at the ENC HPAL remains dependent on returning rain and improved water availability, expected in the December quarter. The group also eyes expanded mine sales and increased RKEF and HPAL output with ongoing project development, including the Sampala, Siduarsi, TMI, and CNE projects.

Guidance for FY26 includes mine sales of 14.3 million wmt, RKEF nickel sales of 100–110 kt, and attributable HPAL sales of 10–11 kt, as well as targeted investment in growth and maintenance capital expenditure.

Nickel Industries share price snapshot

Over the past 12 months, Nickel Industries shares have declined 3%, trailing the S&P/ASX 200 Index (ASX: XJO), which has declined 2% over the same period.

View Original Announcement

The post Nickel Industries posts record ore sales, solid EBITDA for Q3 2026 appeared first on The Motley Fool Australia.

In FY26, the ASX 200 materials sector, which is dominated by the miners, shot the lights out for investors.

The S&P/ASX 200 Materials Index (ASX: XMJ) soared 47% and produced total returns, including dividends, of 52%. 

That compares to a 3% rise and total returns of 7% for the benchmark S&P/ASX 200 Index (ASX: XJO).

A staggering outperformance of 7:1.

The S&P/ASX 300 Metals & Mining Index (ASX: XMM), which includes an extra 100 mineral explorers, did even better.  

ASX 300 mining shares rose 53%, and delivered total returns of 59% in FY26.

These explosive returns followed staggering increases in many commodity prices.

Commodity price surge

In FY26, the best price growth among commodities relevant to Australian mining was lithium spodumene, soaring 278%.

Lithium is a key component in rechargeable batteries for electric vehicles (EVs), e-bikes, smartphones, and energy storage systems.

In CY25, silver experienced the best price growth, up 147%.

Silver is an industrial metal used in solar panels, EVs, tech devices, and data centres due to its superior conductivity to copper.

The long-term tailwinds of decarbonisation and the artificial intelligence (AI) build-out contributed to mining's outperformance in FY26.

The ongoing structural change in central banks purchasing gold to diversify their reserves away from US treasuries also played a role.

Experts say we're in a new mining boom that will be different to the 2000s because it will be led by critical minerals, not iron ore.

While these long-term tailwinds will remain for decades, that doesn't automatically translate to vertical commodity price growth.

This is made clear in the 5-year outlook for commodities just published by the Federal Department of Industry, Science, and Resources.

Commodity price predictions FY27

For the period FY26 to FY31, the government reckons FY27 is going to be the strongest year for many commodity prices.

According to the resources department's latest Resources and Energy Quarterly:

Commodity prices are expected to peak in 2026–27 and then drift lower.

This is important information for ASX investors because commodity prices directly impact miners' earnings, and thus, their share prices.

The report also looks at energy commodity prices.

In CY26, Brent crude oil, gas, and coal prices have surged due to the US-Iran conflict and Middle East supply disruptions.

This contributed to energy ranking second (behind materials) among the 11 ASX 200 market sectors for total returns in FY26.

The S&P/ASX 200 Energy Index (ASX: XEJ) increased 9.37% and produced total returns of 14.51%.

The energy sector has the same forecasted commodity price trend.

For the period FY26 to FY31, the government expects four out of five energy commodity prices to peak in FY27.

This will have a direct impact on ASX energy shares.

Let's take a look at the forecasts.

Five-year outlook

The report outlines the Federal Government's predictions for average annual commodity prices in FY27 and FY31.

There is a realised nominal price for FY26, a forecast price for FY27, and a projected price for FY31.

As you'll see, over the next 5-year period, seven of the following 10 commodity prices are expected to peak in FY27.

Metals and minerals commodity prices

Iron ore price (62% fe)

FY26: US$92 per tonne

FY27: US$83 per tonne

FY31: US$72 per tonne

ASX iron ore mining shares: BHP Group Ltd (ASX: BHP), Fortescue Ltd (ASX: FMG), Rio Tinto Ltd (ASX: RIO)

Copper price

FY26: US$11,767 per tonne

FY27: US$13,754 per tonne

FY31: US$12,786 per tonne

ASX copper mining shares: Sandfire Resources Ltd (ASX: SFR), BHP Group Ltd (ASX: BHP), Capstone Copper Corp CDI (ASX: CSC)

Lithium price (6% spodumene concentrate)

FY26: US$1,532 per tonne

FY27: US$2,499 per tonne

FY31: US$1,684 per tonne

ASX lithium mining shares: PLS Group Ltd (ASX: PLS), Liontown Resources Ltd (ASX: LTR), Elevra Lithium Ltd (ASX: ELV)

Gold price

FY26: US$4,268 per ounce

FY27: US$4,534 per ounce

FY31: US$4,149 per ounce

ASX gold mining shares: Newmont CDI (ASX: NEM), Evolution Mining Ltd (ASX: EVN), Minerals 260 Ltd (ASX: MI6)

Nickel prices

FY26: US$16,348 per tonne

FY27: US$17,226 per tonne

FY31: US$18,473 per tonne

ASX nickel shares: IGO Ltd (ASX: IGO), Nickel Industries Ltd (ASX: NIC)

Energy commodity prices

Brent crude oil price

FY26: US$79 per barrel

FY27: US$87 per barrel

FY31: US$68 per barrel

ASX oil shares: Ampol Ltd (ASX: ALD), Viva Energy Ltd (ASX: VEA)

LNG prices

FY26: A$13 per gigajoule

FY27: A$16 per gigajoule

FY31: A$11 per gigajoule

ASX energy shares: Woodside Energy Group Ltd (ASX: WDS), Santos Ltd (ASX: STO)

Metallurgical coal price

FY26: US$213 per tonne

FY27: US$233 per tonne

FY31: US$225 per tonne

ASX met coal shares: Whitehaven Coal Ltd (ASX: WHC), BHP Group Ltd (ASX: BHP)

Thermal coal price

FY26: US$117 per tonne

FY27: US$128 per tonne

FY31: US$121 per tonne

ASX thermal coal producers: New Hope Corporation Ltd (ASX: NHC), Yancoal Australia Ltd (ASX: YAL)

Uranium price

FY26: US$82 per pound

FY27: US$93 per pound

FY31: US$113 per pound

ASX uranium shares: Paladin Energy Ltd  (ASX: PDN), Boss Energy Ltd (ASX: BOE), Deep Yellow Ltd (ASX: DYL)

The post Own ASX mining shares? Official forecasts show commodity prices peaking in FY27 appeared first on The Motley Fool Australia.

Meanwhile, brokers have maintained a positive view on several stocks this week.

Let's take a look.

Zip Co Ltd (ASX: ZIP)

The Zip share price is $1.97, down 12% despite no news from the company today.

Over the past month, this ASX 200 financial share has fallen 22%.

UBS renewed its buy rating on Zip shares today.

The broker has a 12-month price target of $4.70.

This suggests a potential 134% upside ahead.

Insurance Australia Group Ltd (ASX: IAG)

The IAG share price is $7.82, down 0.8% today.

The ASX 200 insurance share has risen 3% over the past month.

UBS reiterated its buy rating on IAG shares yesterday with a price target of $9.25.

This implies potential capital gains of 18% ahead.

BHP Group Ltd (ASX: BHP)

The BHP share price is $61.02, down 1.7% on Thursday. 

Over the past month, this ASX 200 mining share has tumbled 9%.

Morgan Stanley reaffirmed its buy rating on BHP shares yesterday.

The broker has a 12-month target of $68.

This suggests a potential 11% upside ahead.

Pro Medicus Ltd (ASX: PME)

The Pro Medicus share price is $162.88, up 1% today. 

This ASX 200 healthcare share has fallen 16% over the past month.

Citi renewed its buy rating on Pro Medicus shares yesterday with a $225 target.

This implies potential capital growth of 38% over the next year.

Nickel Industries Ltd (ASX: NIC)

The Nickel Industries share price is 82 cents, down 3% today. 

Over the past month, this ASX 200 nickel share has fallen 8%.

Bell Potter renewed its buy rating on Nickel Industries shares this week.

The broker has a 12-month price target of $1.45.

This suggests a potential 77% upside ahead.

The broker said:

NIC is one of the world's largest listed nickel producers and offers exposure across a range of nickel products and markets.

It has a track record of maintaining margins through low nickel prices, benefitting from its diversified product suite and margin exposure across an integrated value chain.

Stockland Corp Ltd (ASX: SGP)

The Stockland share price is $4.13, down 1.8% today. 

Over the past month, this ASX 200 property share has fallen 13%.

UBS renewed its buy rating on Stockland shares today.

The broker has a 12-month price target of $5.12.

This suggests a potential 24% upside ahead.

The post 6 ASX 200 shares scoring renewed buy calls this week appeared first on The Motley Fool Australia.

After opening higher this morning, the ASX 200 spent time in both positive and negative territory this session, before closing in the green, up 0.086%. That leaves the index at 8,765.3 points.

This indecisive, yet positive, showing from the local markets comes after a mixed session on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) had a rough one, losing 0.36% of its value.

However, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) did much better, rising 0.45%.

Let's return to ASX shares now, and dive a little deeper into what was going on amongst the various ASX sectors this session.

Winners and losers

We had lots of winners and losers this Wednesday.

Leading the latter were again utilities shares. The S&P/ASX 200 Utilities Index (ASX: XUJ) was slammed, plunging 2.21%.

Energy stocks had another shocker as well, with the S&P/ASX 200 Energy Index (ASX: XEJ) cratering by 1.7%.

Communications shares were also on the nose. The S&P/ASX 200 Communication Services Index (ASX: XTJ) took a 0.96% tumble by the closing bell.

Healthcare stocks weren't popular either, illustrated by the S&P/ASX 200 Healthcare Index (ASX: XHJ)'s 0.62% dive.

Tech shares weren't much better. The S&P/ASX 200 Information Technology Index (ASX: XIJ) lost 0.61% today.

Financial stocks were in that ballpark too, with the S&P/ASX 200 Financials Index (ASX: XFJ) dipping 0.56%.

Industrial shares weren't riding to the rescue. The S&P/ASX 200 Industrials Index (ASX: XNJ) suffered a 0.31% correction.

Our last losers this hump day were consumer discretionary stocks, as you can see from the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ)'s 0.09% slip.

With the losers out of the way, let's turn to the winners. At the front of the pack, we had gold shares. The All Ordinaries Gold Index (ASX: XGD) held up well, adding a hearty 2.5% to its total.

Broader mining stocks ran hot as well, with the S&P/ASX 200 Materials Index (ASX: XMJ) soaring up 1.57%.

Real estate investment trusts (REITs) were just behind that. The S&P/ASX 200 A-REIT Index (ASX: XPJ) bounced 1.31% higher today.

Finally, consumer staples shares proved to be a safe haven, evidenced by the S&P/ASX 200 Consumer Staples Index (ASX: XSJ)'s 0.1% lift.

Top 10 ASX 200 shares countdown

Gold stock Catalyst Metals Ltd (ASX: CYL) was our crown-wearer this Wednesday. Catalyst shares shot up 6.57% to finish at $6.16 each. This move came despite no news from the company, although most gold shares did well.

Here's how the other winners pulled up at the kerb:

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

That's because the team at Bell Potter believes that it could smash the market over the next 12 months.

Which ASX 200 share?

The share that Bell Potter is urging investors to buy is Nickel Industries Ltd (ASX: NIC).

It is an Indonesia-focused vertically integrated nickel producer with production assets across nickel ore mining, Nickel Pig Iron (NPI) production, and nickel Mixed Hydroxide Precipitate (MHP) production. 

Bell Potter notes that low rainfall is impacting its operations. It said:

NIC reported that low rainfall is impacting water supply in Central Sulawesi and interrupting the ramp-up of the 46%-owned Excelsior Nickel Cobalt (ENC) HPAL project. […] Should water supply constraints persist, ENC is expected to run at ~30% of nameplate until water availability normalises. The wet season is late and inherently hard to predict, but normalisation is anticipated by December 2026.

On a positive note, the low rainfall has supported mining and haulage productivity. The broker adds:

Conversely, the dry conditions have supported mining and haulage productivity at the Hengjaya Mine, which achieved 3.1Mwmt of nickel ore sales in July and August, including a record 1.6Mwmt in August 2026. This is tracking ahead of our prior forecast, which we incrementally increase from here, noting the current 14.3Mt RKAB sales permit cap. NIC's RKEF operations continue unaffected by the water shortage.

Should you invest today?

According to the note, the broker has retained its buy rating and $1.45 price target on the ASX 200 share.

Based on its current share price of 80 cents, this implies potential upside of 81% for investors over the next 12 months.

In addition, a very generous 7.7% dividend yield is forecast in FY 2027, followed by a massive 15.5% dividend yield in FY 2028.

Commenting on its buy recommendation, Bell Potter said:

EPS changes in this report are: CY26: -10%; CY27: 0%; CY28: 0% as we update for a revised production outlook and higher price realisations. NIC is one of the world's largest listed nickel producers and offers exposure across a range of nickel products and markets. It has a track record of maintaining margins through low nickel prices, benefitting from its diversified product suite and margin exposure across an integrated value chain. We retain our Buy recommendation and TP$1.45/sh.

The post Why this ASX 200 share could rise 80% appeared first on The Motley Fool Australia.

This nervous start to the Australian week comes after a mixed end to the American trading week last Friday night (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) couldn't quite stick the landing, losing 0.18%.

However, things were brighter for the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC), which gained 0.39%.

But let's return to this week and the local markets now for a look at how the various ASX sectors handled today's trading conditions.

Winners and losers

As you might expect, there were generous helpings of both red and green sectors this Monday.

Leading the former were tech shares. The S&P/ASX 200 Information Technology Index (ASX: XIJ) had a shocker today, crashing 1.6%.

Gold stocks had a tough one too, with the All Ordinaries Gold Index (ASX: XGD) tanking 0.73%.

Broader mining shares weren't much better. The S&P/ASX 200 Materials Index (ASX: XMJ) had sunk 0.66% by the closing bell.

Communications stocks came next, evident by the S&P/ASX 200 Communication Services Index (ASX: XTJ)'s 0.43% dive.

Consumer discretionary shares also had a lacklustre day. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) saw its value cut by 0.41%.

Its consumer staples counterpart was ahead of that, with the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) sinking 0.23%.

Our last losers today were utilities shares. The S&P/ASX 200 Utilities Index (ASX: XUJ) was sent home 0.11% lighter this Monday.

Let's turn to the green sectors now. Leading the charge were financial stocks, illustrated by the S&P/ASX 200 Financials Index (ASX: XFJ)'s 0.63% surge.

Healthcare shares were in decent demand, too. The S&P/ASX 200 Healthcare Index (ASX: XHJ) jumped 0.51% today.

We could say the same for energy stocks, with the S&P/ASX 200 Energy Index (ASX: XEJ) advancing 0.45%.

Real estate investment trusts (REITs) saw some mild buying pressure as well. The S&P/ASX 200 A-REIT Index (ASX: XPJ) added 0.09% this session.

Finally, industrial shares scraped over the line, as you can see by the S&P/ASX 200 Industrials Index (ASX: XNJ)'s 0.05% bump.

Top 10 ASX 200 shares countdown

Gold miner Ramelius Resources Ltd (ASX: RMS) was our best share on the index this Monday. Ramelius shares leapt 6.15% higher this session to close at $3.80 each.

This big surge seemed to be prompted by a favourable production update released this morning.

Here's the rest of today's best:

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Will the market be able to bounce back from this on Monday? Here are five things to watch:

ASX 200 expected to fall

The Australian share market looks set for a poor start to the week following a mixed session on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 57 points or 0.65% lower. In the United States, the Dow Jones was down 0.2%, the S&P 500 rose 0.15%, and the Nasdaq pushed 0.4% higher.

Oil prices drop

ASX 200 energy shares including Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a soft start to the week after oil prices pulled back on Friday night. According to Bloomberg, the WTI crude oil price was down 1.6% to US$100.30 a barrel and the Brent crude oil price was down 0.9% to US$103.87 a barrel. This was driven by optimism over Saudi Arabian oil flows.

Buy Nickel Industries shares

Nickel Industries Ltd (ASX: NIC) shares could be worth a look according to Bell Potter. This morning, the broker has retained its buy rating and $1.45 price target on the nickel producer's shares. It said: "NIC is one of the world's largest listed nickel producers and offers exposure across a range of nickel products and markets. It has a track record of maintaining margins through low nickel prices, benefitting from its diversified product suite and margin exposure across an integrated value chain. We retain our Buy recommendation and TP$1.45/sh."

Gold price rises

It could be a positive start to the week for ASX 200 gold shares Capricorn Metals Ltd (ASX: CMM) and Northern Star Resources Ltd (ASX: NST) after the gold price rose on Friday night. According to CNBC, the gold futures price was up 0.55% to US$4,424.9 an ounce. Easing oil prices gave the precious metal a boost.

New Hope shares downgraded

New Hope Corporation Ltd (ASX: NHC) shares are overvalued according to Bell Potter. This morning, the broker has downgraded the coal miner's shares to a sell rating with a $5.00 price target. It said: "We have downgraded our NHC recommendation to Sell on recent share price appreciation. Our $5.00/sh Target Price already incorporates a 14% premium to our sum-of-the-parts valuation, reflecting NHC's leverage to global energy security themes amplified by recent geopolitical tensions. We expect energy markets will normalise over the near-term. Beyond the ramp-up of New Acland Stage 3, NHC has a limited organic production growth pipeline, and we expect earnings will peak in FY27. We expect NHC may participate in further industry consolidation as an acquirer."

The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia.

Strong first half of the year

Nickel Industries last month reported a strong financial result for its first half, with revenue up 13.1% to US$938.4 million and net profit up 365.8% to US$52.5 million.

The company has hit a minor barrier since then, as the ramp-up of its Excelsior Nickel Cobalt HPAL project (ENC) has been interrupted by dry conditions in Central Sulawesi, Indonesia, which have constrained water supply to the operation.

But the company is expecting normal operations to resume with the onset of the wet season by December.

The company said re the ENC operations:

Prior to the onset of the dry conditions, ENC had ramped up to approximately 50% of nameplate capacity within four weeks of the commencement of commissioning. Should the water supply constraints persist, ENC is expected to operate at approximately 30% of nameplate capacity until water availability normalises.

Nickel Industries said its Hengjaya mine, conversely, had been performing well, with record monthly nickel sales of 1.6 million tonnes in August.

Managing Director Justin Werner said re the update:

ENC has performed exceptionally well since commissioning, reaching approximately 50% of nameplate capacity within four weeks, which is a genuine credit to our operating team. The dry conditions in Central Sulawesi are an unusual and temporary constraint on water supply, and we expect availability to normalise with the onset of the wet season. Combined July and August Adjusted EBITDA from operations of approximately US$90 million demonstrates the earnings capacity of the broader business.

Nickel Industries shares looking cheap

Macquarie said in its research note that a planned slurry pipeline "between Hengjaya Mine and ENC could reduce unit costs by replacing truck haulage of limonite ore, with these savings not reflected in our forecasts''.

They added:

Given elevated diesel prices, the magnitude and timing of cost savings could be a focus during the site visit. At the HPAL operations, rising sulphur prices are emerging as a cost headwind as low-cost inventory is depleted, although this is currently offset by strong cobalt revenues. Quantifying sensitivity to both could also be a key focus.

Macquarie said the company had established a "meaningful battery minerals portfolio".

The broker said they expected dividend payments to resume, with dividend yields of 1.2% in CY26 and 4.1% in CY27 forecast.

Macquarie has a share price forecast of $1.25 on Nickel Industries compared to 79.25 cents currently.

The post This ASX nickel miner could jump 57%, Macquarie says appeared first on The Motley Fool Australia.

Let's see who they like.

Fenix Resources Ltd (ASX: FEX)

Iron ore producer Fenix produced a record 4.4 million tonnes of ore for the full year, boosting net profit by 128% to $12 million, on revenue of $589.7 million, up 87%.

The company also said it expected to further grow production in the current year to 4.7 to 5.3 million tonnes while maintaining costs at FY26 levels.

Bell Potter said earnings came in above its estimates, and there was also a positive surprise in the form of a 1-cent-per-share dividend.

The broker said:

FEX has outlined a clear pathway to incrementally grow iron ore production to 10Mtpa at significantly lower unit costs, leveraging its integrated logistics network to underpin cash flows and fund its substantial organic growth outlook. FEX holds the largest storage position at the strategic and fast-growing Geraldton Port.

Bell Potter has a price target of 54 cents on Fenix compared to 29.25 cents currently.

Nickel Industries Ltd (ASX: NIC)

Bell Potter said Nickel Industries' full-year result was mixed, with revenue higher than their forecast but earnings lower due to higher finance and depreciation charges.

On the positive side, Bell Potter said the company was well leveraged to changes in the nickel price.

They said:

Overall, this leverage was reflected in revenue rising 13%, EBITDA rising 54% and NPAT rising 366% vs the previous corresponding period. Looking ahead, we expect volume growth and increased margins to drive aggressive EBITDA and earnings growth in 2HCY26 and CY27 as mining ramps up.

Bell Potter has a price target of $1.45 on Nickel Industries shares compared to 86.75 cents currently.

Paladin Energy Ltd (ASX: PDN)

The uranium miner recently reported revenue of US$304 million and EBITDA of US$63 million, which was below Bell Potter's estimate of US$71 million.

The broker said this was "due to higher corporate and marketing costs which reflect the larger, multi-jurisdictional business following the completion of the Fission acquisition in FY25''.

Bell Potter said FY26 was a "transitional year" at Paladin's Langer Heinrich mine, and they expected a lift in operating performance "with fresh ore now the sole feed to the processing plant and rising uranium prices to further support earnings''.

The broker added:

We retain our Buy recommendation. We have a positive medium- to long-term outlook for the uranium market, supported by barriers to new supply and demand growth linked to electrification, energy security and AI-related power requirements.

Bell Potter has a price target of $14.50 on Paladin compared to $12.07 currently.  

The post 3 ASX mining shares Bell Potter rates a buy appeared first on The Motley Fool Australia.

What did Nickel Industries report?

• Sales revenue increased 13% to US$938.4 million from US$829.7 million a year ago
• Adjusted EBITDA rose 46% to US$247.6 million
• Net profit after tax surged 191% to US$74.3 million
• Profit attributable to shareholders soared 366% to US$52.5 million
• No interim dividend declared
• Net tangible assets per share steady at US$0.565

What else do investors need to know?

The company produced a total of 62,019 tonnes of finished nickel metal across its rotary-kiln electric furnace (RKEF) and high-pressure acid leach (HPAL) operations. It mined over 8.1 million tonnes of nickel ore at the Hengjaya Mine, including both saprolite and limonite.

During the half, Nickel Industries secured important project milestones, including completion of the final equity acquisition in the Excelsior Nickel Cobalt (ENC) project, increasing its stake to 46%. The business also announced investments in new Indonesian HPAL projects, including Teluk Metal Industry (TMI) and Chengsheng New Energy (CNE), aimed at supporting future growth in the electric vehicle battery market.

Safety also remained a highlight, with no lost time injuries recorded during the period, and the Hengjaya Mine achieving a fourth consecutive Green PROPER award for environmental compliance.

What's next for Nickel Industries?

Nickel Industries plans to capitalise on growing demand for nickel in the global battery sector by ramping up production from both RKEF and new HPAL projects. Commissioning at the ENC HPAL plant has commenced, with maiden mixed hydroxide precipitate (MHP) production delivered in July and first nickel cathode produced in August.

Further investments in TMI and CNE HPAL projects are expected to underpin long-term growth, with supply agreements in place to support downstream processing and product diversification. The company is also advancing its Indonesian mine resource base, while keeping a focus on operating safety and sustainability.

Nickel Industries share price snapshot

The Nickel Industries share price is outperforming the S&P/ASX 200 index (ASX: XJO) on a 12-month basis with a gain of over 20%.

View Original Announcement

The post Strong profit growth shines in Nickel Industries half-year 2026 earnings appeared first on The Motley Fool Australia.

After a sour trading week last week, investors seem to have come back from the weekend with a little extra pep in the proverbial step, with the ASX 200 opening higher and staying in positive territory all day today. By the time the markets closed, the index had gained 0.49% to 9,103.1 points.

This happy start to the week's trading for the ASX followed a similarly buzzy end to the American trading week on Friday night (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) was in very fine form indeed, rising 0.98%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) wasn't quite as bubbly, but still gained 0.43%.

But let's return to this week and our local markets now for a closer look at what was happening amongst the various ASX sectors this session.

Winners and losers

Despite the market's rise this Monday, a few sectors still missed out on gains.

Leading those losers were consumer staples shares. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) was left out in the cold today, shrinking 0.95%.

Financial stocks also had a rough one, with the S&P/ASX 200 Financials Index (ASX: XFJ) sinking 0.72%.

Utilities shares were shunned, too. The S&P/ASX 200 Utilities Index (ASX: XUJ) slid 0.48% lower this session.

Our last losers were communications stocks, as you can see from the S&P/ASX 200 Communication Services Index (ASX: XTJ)'s 0.44% slip.

Turning to the green sectors now, it was mining shares that fronted the winners. The S&P/ASX 200 Materials Index (ASX: XMJ) roared 2.43% higher this Monday.

Gold stocks ran hot as well, with the All Ordinaries Gold Index (ASX: XGD) soaring up 1.71%.

Tech shares also had a day to remember. The S&P/ASX 200 Information Technology Index (ASX: XIJ) enjoyed a 0.96% surge.

Healthcare stocks were in demand as well, evidenced by the S&P/ASX 200 Healthcare Index (ASX: XHJ)'s 0.62% lift.

Energy shares were next. The S&P/ASX 200 Energy Index (ASX: XEJ) jumped 0.47% today.

Then came real estate investment trusts (REITs), with the S&P/ASX 200 A-REIT Index (ASX: XPJ) adding 0.12% to its total.

Industrial stocks managed a win. The S&P/ASX 200 Industrials Index (ASX: XNJ) put on another 0.1% this session.

Finally, consumer discretionary shares got over the line, illustrated by the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ)'s 0.09% bump.

Top 10 ASX 200 shares countdown

Beating out some stiff competition to take out top spot on the index this Monday was tech stock Data#3 Ltd (ASX: DTL). Data#3 shares rocketed 17.85% higher today to finish at $11.09 each.

This huge gain followed the company releasing its latest earnings, which clearly had a lot going for them.

Here's the rest of today's best:

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Here are three undervalued ASX 200 shares which could be primed to storm higher over the next 12 months.

The A2 Milk Co Ltd (ASX: A2M)

A2 Milk shares are jumping higher in afternoon trade on Tuesday. At the time of writing, the milk company's shares are up around 8% and changing hands at $7.04 a piece. 

Today's share price spike follows the company's FY26 results announcement on Monday morning. It reported a 12.4% increase in revenue but a 2.5% decline in full-year statutory EBITDA and a 5.8% drop in statutory NPAT.

Investors were initially hesitant but then many quickly bought into the shares.

Monday's results announcement comes off the back of a difficult start to the year for A2 Milk. 

The shares crashed around 20% in early April after it lowered its FY26 guidance amid supply chain challenges, and the shares continued tumbling to an 18-month low in early-June.

The ASX 200 shares have recovered around 35% of their value from early-June to the time of writing, but the rebound still hasn't brought the share price back to early-2026 levels. They're still down around 24% for the year-to-date.

It's clear that the company's FY26 results weren't as bad as many were expecting. Even after today's 8% share price increase, it looks like the ASX 200 shares are still trading well below fair value.

Market Index data shows the majority of brokers have a buy rating on the shares. The $8.04 average target price implies a potential 19% upside, at the time of writing.

Lendlease Group (ASX: LLC)

Lendlease also posted its FY26 results early yesterday morning. The ASX 200 international property developer reported earnings at the top end of guidance but also posted a statutory loss after tax of $749 million.

Investors were spooked, and the shares crashed 11% by the end of the day. Today, ASX 200 property shares are back in the green, trading 1% higher at $2.90. The shares are also down around 44% year-to-date.

The announcement followed a disappointing first-half update earlier this year. 

The company has undergone a major strategic reset this year, which has seen it simplify its structure, exit international construction, and refocus its efforts on the Australian market. 

Investors aren't sure, but it looks like analysts are more bullish that the company can pull off the new strategy.

Market Index data shows brokers are split between a buy and hold rating. But the $3.49 average target price implies a potential 22% upside, at the time of writing.

Nickel Industries Ltd (ASX: NIC)

Nickel Industries shares spiked to a three-year high of $1.10 in early May. But they've now lost around 25% of their value. At the time of writing, the shares are down another 1% and are changing hands for 83 cents each. That's an 8% decrease year-to-date.

The ASX 200 company owns a portfolio of mining and downstream nickel processing assets in Indonesia. It has a controlling interest in the Hengjaya nickel mine and four rotary kiln electric furnace projects. These produce nickel pig iron (NPI) for the stainless-steel industry and materials for EV batteries. 

Its shares enjoyed a very strong start to 2026, including a new acquisition and strong financial results. But a weaker nickel price and higher costs have put pressure on the shares over the past couple of months.

But there is plenty of expansion potential ahead for the ASX 200 nickel shares, and brokers appear bullish that the share price can rally higher this year.

Market Index data shows that the majority have a buy rating on Nickel Industries shares. The $1.29 average target price implies a potential 56% upside over the next 12 months, at the time of writing.

The post 3 oversold ASX 200 shares trading for cheap right now appeared first on The Motley Fool Australia.

The team at Macquarie have issued a slew of reports this week. I've selected reports looking at three companies that they believe will strongly outperform the market.

Let's see who they like.

Mineral Resources Ltd (ASX: MIN)

MinRes this week reported that they had produced 341 million tonnes of ore in mining services for the full year, up 22% year on year and above the company's upgraded guidance range of 320 to 330 million tonnes.

The company's Onslow iron ore division shipped a record 9.6 million tonnes in the fourth quarter, bringing full-year shipments to 19.7 million tonnes, again exceeding guidance.

Meanwhile, the company's lithium sales were a record 158,000 tonnes for the quarter at a price of US$2425 per tonne, up 15% quarter on quarter.

The Macquarie team were impressed with the results, saying:

The result beat our optimistic expectations going into the result, with all assets performing well. The focus remains on execution of Onslow's growth, continuing the deleveraging cycle and potential capital returns.

Macquarie has an unchanged price target of $85 on MinRes shares compared to $55.62 at the time of writing.

Nickel Industries Ltd (ASX: NIC)

Nickel Industries this week reported ore production in its mining operations, up a modest 4% to 3.96 million tonnes, but EBITDA was up an impressive 58% quarter on quarter to US$45.7 million.

Earnings in its two other divisions fell, but both remained positive.

Managing Director Justin Werner said regarding the results:

The June quarter marked the beginning of a transformational period for Nickel Industries, with first mixed hydroxide precipitate produced in July and the first nickel cathode expected by mid-August – a landmark moment that will see the Company producing across the full nickel value chain, from our own ore through to exchange-grade cathode.

Macquarie said the first mixed hydroxide precipitate production was "a key step in NIC's move downstream into the EV battery supply chain".

Macquarie has a price target of $1.25 on Nickel Industries shares compared to 78.5 cents at the time of writing.

Liontown Ltd (ASX: LTR)

Macquarie said Liontown's production of 103,000 tonnes of spodumene concentrate was broadly in line with consensus estimates and up 7% quarter on quarter.

There were some negatives in the company's production report, as the Macquarie team said:

Despite production guidance meeting expectations, unit costs of $1,050-$1,250/ t are more than 10% above Visible Alpha, while total capex guidance of $320-$370m is 56% above market expectations at the midpoint.

Macquarie reduced its price target on Liontown from $2.30 to $1.70 "on weakened near term earnings outlook and lower valuation for the Kathleen Valley project''.

This is still well above the share price of $1 at the time of writing.

The post 3 ASX mining companies that could return better than 50% according to Macquarie appeared first on The Motley Fool Australia.

What did Nickel Industries report?

• Group adjusted EBITDA of US$120.5 million, down 11% from the prior quarter
• Hengjaya Mine adjusted EBITDA up 58% to a record US$45.7 million
• RKEF production down 8% to 27,864 tonnes of nickel; RKEF adjusted EBITDA down 30% to US$60.3 million
• HPAL attributable adjusted EBITDA of US$14.4 million, down 30%
• Sampala project updated JORC resource to 1,095 million tonnes at 1.24% nickel
• Executed US$450 million unsecured loan facilities

What else do investors need to know?

Nickel Industries continued its expansion into high-pressure acid leach (HPAL) projects, acquiring interests in PT Chengsheng New Energy and PT Teluk Metal Industry, with commissioning at the ENC HPAL project well advanced and first MHP produced in July. The Sampala project was valued in excess of US$1.3 billion after a share swap transaction and is now one of the world's largest known nickel resources.

Operationally, Hengjaya Mine improved ore production by 4% despite a temporary suspension, and achieved a 50% increase in sale prices due to Indonesian government policy changes. The company closed the quarter with US$268 million in cash, buoyed by strong cash flow generation and successful loan refinancing.

What did Nickel Industries management say?

Managing Director Justin Werner said:

The June quarter marked the beginning of a transformational period for Nickel Industries, with first MHP produced in July and the first nickel cathode expected by mid-August—a landmark moment that will see the Company producing across the full nickel value chain, from our own ore through to exchange-grade cathode… With our balance sheet strengthened by the US$450m refinancing completed in April, and growing cash returns from across the portfolio—including a maiden distribution from HNC—the Company is well positioned as we enter this next phase of growth.

What's next for Nickel Industries?

Looking ahead, Nickel Industries expects continued growth through new HPAL operations as commissioning transitions to commercial production later in the year. The Sampala project remains a focal point for future development and is expected to provide long-term ore supply for both CNE and TMI HPAL projects.

In addition to operational expansion, the company is maintaining a strong commitment to sustainability, safety, and community engagement. Nickel Industries will also progress regulatory approvals and feasibility work for both Sampala and Siduarsi projects in the coming months.

Nickel Industries share price snapshot

Over the past 12 months, Nickel Industries has increased 1%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.

View Original Announcement

The post Nickel Industries posts Q2 earnings update including major Sampala nickel resource boost appeared first on The Motley Fool Australia.

The ASX 200 materials sector, dominated by miners, was the best of the 11 market sectors, rising 47% and returning 52% in total.

The S&P/ASX 300 Metals & Mining Index (ASX: XMM), which captures more of the explorers than the ASX 200, did even better.  

ASX 300 mining shares rose 53%, and delivered a total return of 59%.

Australia is in the midst of a new mining boom driven by five key elements.

Many commodities rose in value in FY26, which boosted the earnings of the 5 best ASX 200 mining shares of the year.

Here, we look at three ASX mining shares that brokers recommend buying now for FY27.

BHP Group Ltd (ASX: BHP)

The BHP share price is up 2.6% to $58.35 today, and up 52% over 12 months.

BHP was one of the best performers for capital growth amongst the ASX 200 large-cap shares last year.

Blake Halligan from Catapult Wealth explains his buy rating on BHP shares:  

The global miner holds dominant positions in iron ore and copper and is leveraged to increasing demand during the energy transition.

Despite the Jansen impairment and the risk of industrial action at iron ore operations in the Pilbara region of Western Australia, near term earnings momentum remains strong.

The balance sheet remains robust with low net debt, while a recent dividend yield above 3 per cent adds income appeal.

Read more about what the experts anticipate for BHP shares over the next 12 months.

Nickel Industries Ltd (ASX: NIC)

The Nickel Industries share price is 89 cents, up 2.3% today and up 21% over 12 months.

Bell Potter has a buy rating with a 12-month price target of $1.55 on this ASX 300 nickel share.

This implies potential capital growth of almost 75% over the next 12 months.

The broker said:

NIC offers nickel price leverage and diversified margin exposure across an integrated value chain.

The HPAL expansion transactions will further balance NIC's earnings into downstream higher-margin operations and preserve earnings through the nickel price cycle.

Maronan Metals Ltd (ASX: MMA)

The Maronan Metals share price is 43 cents, down 1.2% today and up 93% over 12 months.

Maronan is developing a silver-lead and copper-gold deposit in Queensland's Cloncurry region.

The mine is one of Australia's largest undeveloped silver-lead and copper-gold deposits.

Morgans initiated coverage on this ASX silver share with a speculative buy call and a 66-cent target this month.

This implies a potential 53% upside over the next 12 months.

The broker said:

The wholly-owned Maronan Mineral Development Lease (MDL 2028) was approved in September 2025, after the Preliminary Economic Assessment (PEA) evaluated a 10-year underground mine life based on 22% of the total resource.

The resource to JORC Code (2012) standards contains 122Moz silver, 2Mt lead, 271kt copper and 0.76Moz gold, with yearly production 5.4Moz silver equivalent (AgEq) at an all-in sustaining cost (AISC) of A$30.18/oz (~US$20/oz) AgEq.

While the PEA is robust, MMA is yet to deliver a feasibility study, secure development finance, receive grant of a Mining Lease, and commence the path from construction to production.

With 40-45% exposure to silver and 20-25% to lead, commodity prices are also the key to the level of profitability.

The post 3 ASX mining shares to buy now: experts appeared first on The Motley Fool Australia.

The  S&P/ASX 200 Index (ASX: XJO) endured a rough Tuesday session today, giving up much of the rise we saw yesterday that kicked off the trading week to finish lower.

After an initially optimistic morning of trading, investors lost confidence throughout the session, with the ASX 200 ending the day down 0.51%. That leaves the index at 8,778.7 points. 

This rough session for the local markets follows a much more upbeat beginning to the American trading week on Wall Street last night.

The Dow Jones Industrial Average Index (DJX: .DJI) was in fine form indeed, gaining a solid 0.59%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) did even better, rising a confident 2.07%.

But let's return to ASX shares now and take stock of what the different ASX sectors were up to today.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

And while no dividend is expected in 2026, it could pay to be patient, with the broker expecting a big dividend yield next year.

Which ASX 200 share?

The share that has caught the eye of Bell Potter is Nickel Industries Ltd (ASX: NIC).

It notes that the nickel producer has announced deals to acquire more production capacity. It said:

NIC has announced it will acquire interests in expansions to the existing ENC HPAL facility (46% NIC) which will lift its attributable nickel in HPAL capacity by ~17ktpa (41%) to 58.6ktpa. NIC will acquire a 17.5% interest in the 36ktpa PT Teluk Metal Industry (TMI) expansion for US$169m cash consideration. Separately, NIC will acquire a 36% interest in the 28ktpa PT Chengsheng New Energy (CNE) expansion via an equity swap with consideration being an 18% interest in the Sampala Project (reducing NIC from 60% to 42%). TMI and CNE are both expected to come online in mid-2027 with ore supply from Sampala.

The TMI acquisition is subject to a Construction Guarantee capping the acquisition cost at US$169m and delivery of nameplate production by September 2027. NIC expects to fund the cash payment, due 26 November 2026, from existing cash and operating cash flow. If needed, NIC's major shareholder (Shanghai Decent) will provide debt funding on commercial terms. NIC held cash and equivalents of US$212m at end March 2026.

Big potential returns

According to the note, Bell Potter has retained its buy rating on the ASX 200 share with an improved price target of $1.55 (from $1.45).

Based on its current share price of 89 cents, this implies potential upside of almost 75% for investors over the next 12 months.

And as mentioned at the top, no dividend is expected in FY 2026. However, in FY 2027 an unfranked 6 cents per share dividend is forecast, followed by a 14 cents per share dividend in FY 2028.

This implies potential dividend yields of 6.75% and 15.7%, respectively.

Commenting on its buy recommendation, Bell Potter said:

EPS changes in this report are: CY26: +1%, CY27 +5%, CY28 +16%. NIC offers nickel price leverage and diversified margin exposure across an integrated value chain. The HPAL expansion transactions will further balance NIC's earnings into downstream higher-margin operations and preserve earnings through the nickel price cycle. We lift our Target Price 7% to $1.55/sh and retain our Buy rating.

The post Should you buy this ASX 200 share for its 15% forecast dividend yield? appeared first on The Motley Fool Australia.

Will the market be able to bounce back from this on Friday and end the week on a high? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks set to rise on Friday despite a mixed night of trade in the United States. According to the latest SPI futures, the ASX 200 is expected to open 14 points or 0.15% higher this morning. On Wall Street, the Dow Jones was up 0.15%, but the S&P 500 was down slightly and the Nasdaq fell 0.45%.

Oil prices recover

ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a decent finish to the week after oil prices recovered overnight. According to Bloomberg, the WTI crude oil price is up 2% to US$71.74 a barrel and the Brent crude oil price is up 1.7% to US$75.01 a barrel. This follows reports of an attack on a cargo vessel by Iran.

Buy Minerals 260 shares

Bell Potter thinks Minerals 260 Ltd (ASX: MI6) shares are undervalued and could offer major upside. This morning, the broker has retained its speculative buy rating and $1.35 price target on the ASX gold stock. Commenting on the gold developer, the broker said: "MI6 offers gold exposure via the 4.5Moz Bullabulling Resource, valuation uplift through discovery success, project advancement and de-risking as the BGP progresses towards production. It holds ~$250m cash, sufficient to fund to Final Investment Decision (FID) in early CY27, long-lead items and early site works. We retain our $1.35/sh Valuation and Speculative Buy recommendation."

Gold price rises

ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Newmont Corporation (ASX: NEM) could have a good finish to the week after the gold price rose overnight. According to CNBC, the gold futures price is up 0.8% to US$4,040.1 an ounce. The release of US inflation data eased rate hike fears and gave the precious metal a boost.

Buy Nickel Industries shares

Nickel Industries Ltd (ASX: NIC) shares could be good value according to analysts at Bell Potter. This morning, the broker has retained its buy rating with an improved price target of $1.55 (from $1.45). It commented: "NIC offers nickel price leverage and diversified margin exposure across an integrated value chain. The HPAL expansion transactions will further balance NIC's earnings into downstream higher-margin operations and preserve earnings through the nickel price cycle. We lift our Target Price 7% to $1.55/sh and retain our Buy rating."

The post 5 things to watch on the ASX 200 on Friday appeared first on The Motley Fool Australia.

At the time of writing, Nickel Industries shares are down 2.67% to 91 cents.

Even so, the ASX nickel stock has still had a solid longer-term run. Its shares are up around 9% since the start of 2026 and 28% higher than this time last year.

The latest announcement comes after a strong 12-month run, with the stock still holding onto gains in 2026.

Here's what the company told the market.

Nickel Industries buys into TMI

In a statement to the ASX, Nickel Industries said it has agreed to invest US$169 million for a 17.5% stake in the PT Teluk Metal Industry HPAL project, known as TMI.

The payment is expected to be made in November 2026.

TMI is majority-owned by a Korean-Japanese consortium comprising LS MnM, Hawa, and another strategic investor, which together hold 72.5% of the project. A Singapore-based investment company owns the remaining 10%.

According to the release, TMI has an annual nameplate capacity of about 38,640 tonnes of nickel in mixed hydroxide precipitate, or MHP.

Based on Nickel Industries' stake, that works out to about 6,775 tonnes of attributable nickel in MHP each year.

The company will also receive a construction guarantee. This caps its acquisition cost at US$169 million and requires TMI to reach nameplate capacity by September 2027.

Why Nickel Industries wants more HPAL

The deal gives Nickel Industries a bigger position in battery nickel as it looks beyond nickel pig iron.

TMI isn't starting from scratch either. By the end of the March quarter, the project had already spent US$996 million on HPAL development and was about 40% complete.

The company also pointed to its existing HNC HPAL project, which delivered adjusted EBITDA of US$86.2 million in the March quarter.

Nickel Industries expects to fund the TMI investment from its cash reserves and operating cash flow. If it needs extra funding, major shareholder Shanghai Decent has agreed to provide debt funding on commercial terms.

Another move into battery nickel

This isn't the first move Nickel Industries has made in this part of the market.

The company is already commissioning the Excelsior Nickel Cobalt HPAL project, which can produce MHP, nickel cathode, and nickel sulphate. It also has a stake in the HNC HPAL project.

The TMI deal gives Nickel Industries another source of MHP production and adds to its position in the electric vehicle battery supply chain.

Of course, shareholders will still want to see the project delivered on time and running as planned.

The post This ASX 200 stock is up almost 30% in a year. Now it is making another big move appeared first on The Motley Fool Australia.

What did Nickel Industries report?

• Agreed to acquire a 17.5% interest in the PT Teluk Metal Industry (TMI) HPAL project for US$169 million
• Payment for the stake due on 26 November 2026
• Construction guarantee limits acquisition cost to US$169 million, with delivery of nameplate capacity by September 2027
• TMI nameplate production capacity of approximately 38,640 Ni tonnes per year, with NIC's attributable share around 6,775 Ni tonnes
• To be funded from existing cash reserves and operations, with debt funding backup arranged if needed

What else do investors need to know?

The newly announced partnership sees Nickel Industries' 17.5% interest sit alongside a 72.5% interest held by a Korean-Japanese consortium and a 10% Singapore partner, establishing strong global links. The company also benefits from a comprehensive construction guarantee, providing cost, timeline, and production certainty.

Strategically, Nickel Industries' Sampala Project will be the exclusive ore supplier to TMI, ensuring reliable input for future processing. TMI's HPAL economics are already proven after earlier portfolio successes, with the HNC HPAL asset achieving an adjusted EBITDA margin of US$9,996 per tonne nickel in Q1 2026.

What's next for Nickel Industries?

With the TMI investment, Nickel Industries is set to reinforce its position as a significant player in the global EV battery supply chain. Commissioning of TMI is expected to start in mid-2027, with nameplate production aimed for September 2027.

The company plans to fund the transaction using cash reserves and operational cash flow, with additional debt funding available if required. Strategic supply from the Sampala Project should underpin long-term value and support sustainable growth as demand for battery-grade nickel rises.

Nickel Industries share price snapshot

Over the past 12 months, Nickel Industries shares have risen 30%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.

View Original Announcement

The post Nickel Industries shares: US$169m TMI HPAL investment boost appeared first on The Motley Fool Australia.