[SMM Nickel Market Flash] Nickel Industries Secures 14.3 Million-Ton RKAB for 2026

Published: Apr 29, 2026 17:17

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According to Nickel Industries’ Q1 2026 conference call, the company has secured a 2026 RKAB mining quota of 14.3 million tons, nearly 60% higher than the 9 million tons it held last year. Management said the outcome was encouraging given that many peers received significant quota cuts, and added that mining EBITDA was close to $30 million in the first quarter. The company believes the current quota is sufficient to support key feed requirements for ENC, while further increases may still be pursued later.

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