[SMM Flash News] Nickel Industries Posts Strongest Earnings Since Dec 2023 Driven by RKAB Expansion

Published: Apr 29, 2026 18:59 (GMT+8)

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Nickel Industries reported its strongest operational earnings since December 2023 for Q1 2026, fueled by over 3 million wmt in ore sales from its Hengjaya Mine. A major catalyst was the 60% expansion of its 2026 RKAB sales license to 14.3 million wmt, defying the trend of industry-wide quota cuts. Profitability surged as NPI and HPAL margins rose 155% and 20%, respectively.

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