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Nickel Industries Ltd (NIC) $1.03

NIC has fallen -28% year-to-date even while the commodity on which its business focuses has risen, albeit in an extremely volatile fashion. However, the stock has bounced almost 50% from its October low significantly reducing the risk/reward appeal in the process. Nickel is a very widely used industrial metal that should benefit from the transition to renewables as it’s used in rechargeable lithium-ion batteries.

  • We like NIC into weakness towards 90c but IGO is currently our preferred exposure towards nickel.
NIC
MM is neutral NIC around $1
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Nickel Industries Ltd (NIC)
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