Nickel Industries (ASX: NIC) Sees 3% Gain Amid Stabilising Nickel Prices

Tue 08 Apr 25, 04:40 AM | Team Kalkine

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Highlights

Shares of Nickel Industries (ASX: NIC) climbed by as much as 3% today. The stock recovered from a 2% drop in the previous trading session, which had been driven by weakening nickel prices and investor concerns over recession fears. Despite the market's volatility, the price of nickel showed signs of stabilising during today's session, helping to lift investor sentiment.

The fluctuations in the value of nickel have been a key factor affecting the stock's performance in recent days. Nickel, used primarily in the production of nickel pig iron (NPI) for stainless steel and batteries, had seen its prices dip recently, sparking a sell-off in related stocks. However, as global markets attempt to regain footing, investors are cautiously waiting for more insight into the broader economic outlook, especially amidst ongoing trade tensions that have contributed to uncertainty in commodity markets.

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