Nickel Industries Rebounds 5.8% After Heavy Losses. Here’s Why.

Wed 12 Mar 25, 02:00 AM | Team Kalkine

Image source: Shutterstock

Highlights

Nickel Industries shares surge 5.8% to AU$0.64, marking their best session since September 2024.

The company reassures investors, clarifying its current 10% royalty rate amid fears of higher fees in Indonesia.

Despite the rebound, NIC shares remain down 23.1% in 2024.

Shares of Nickel Industries (ASX:NIC) jumped 5.8% to AU$0.64 on Wednesday, staging a strong recovery after steep losses earlier in the week. The rally marks the company’s best trading session since 12 September 2024, as investors reacted to the firm’s efforts to ease concerns over potential royalty hikes in Indonesia.

Investor Concerns and Clarifications

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