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Why Sphere Corp’s 10% ENC Stake Signals a New Era for Nickel Industries
9:56am on Thursday 29th of January, 2026 AEDT
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Mining
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Why Sphere Corp’s 10% ENC Stake Signals a New Era for Nickel Industries
9:56am on Thursday 29th of January, 2026 AEDT
Key Points
Q4 2025 EBITDA from operations fell 57% to US$37.3m due to RKAB mining quota delay
RKEF nickel production slightly up but EBITDA down 13% from higher costs
HPAL operations delivered 32% EBITDA growth with Huayue project exceeding capacity
Excelsior Nickel Cobalt HPAL project nearing commissioning with key infrastructure tests underway
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NICKEL INDUSTRIES (ASX:NIC)
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