Centaurus's Supply Deal with Glencore Supports Jaguar Development -- Market Talk

Dow Jones04-10 07:07

2259 GMT [Dow Jones]--Centaurus Metals's maiden supply deal for nickel concentrate from its Jaguar project in Brazil prompts Canaccord Genuity to raise its price target by 6.3% to A$0.85/share. Centaurus has agreed to supply 20,000 dry metric tons of high-grade nickel concentrate to Glencore per year. "The offtake agreement represents a major commercial milestone for the Jaguar Project, providing validation from a major global commodities trader while supporting Centaurus's pathway toward project financing and development," says analyst Paul Howard. Canaccord has a speculative buy call on Centaurus and notes that nickel prices are up 5% so far this year, keeping pace with gold and outperforming copper. "If this continues, we could see further positivity in the global nickel sector in 2026, in our view," Canaccord says. Centaurus ended Thursday at A$0.585. (david.winning@wsj.com; @dwinningWSJ)

 

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April 09, 2026 19:07 ET (23:07 GMT)

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