BUZZ-Australia's Nickel Industries extends gains on Sphere Corp deal

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BUZZ-Australia's Nickel Industries extends gains on Sphere Corp deal

Reuters01-05

BUZZ-Australia's Nickel Industries extends gains on Sphere Corp deal

** 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;))

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