The resources sector has boomed as we all know in recent times with nickel having been laggard due to supply issues from Indonesia. However, with the demand for battery metals set to rise again in 2026 and the Indonesian government expected to slash the regions production quota the dynamic could already be changing.
- We are initially targeting the $1.10 area for NIC, back towards its 2023/4 high.
Trade Idea: Buy Nickel Industries Ltd (NIC) at 94c limit, with stops at 85c, ~10% risk.
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