Nickel Industries Plummets 18% After Block Trade

Highlights:

• Nickel Industries Limited (ASX: NIC) shares dropped 18.5% after a major block trade by investor Harum Energy Tbk PT.
• Harum Energy sold approximately 178.5 million shares, representing 4.2% of Nickel Industries’ total shares, as part of its liquidity management.
• Indonesia is considering increasing nickel ore royalties from 10% to a range of 14%–19%, adding pressure on mining companies.

Major Sell-Off by Key Investor

Nickel Industries Limited (ASX: NIC) experienced a sharp decline in its share price, dropping 18.5% on Tuesday, following a significant block trade. At the time of writing, the company confirmed that Harum Energy Tbk PT, a key investor with a diversified mining portfolio, sold approximately 178.5 million shares, accounting for 4.2% of Nickel Industries' total shares.

Liquidity Management Behind Share Sale

Nickel Industries clarified in a statement to the Australian Securities Exchange (ASX) that Harum Energy’s sale was part of its broader liquidity management strategy. The company did not specify whether further

sell-offs are expected but assured investors that its fundamentals remain strong.

Potential Increase in Indonesian Royalties

Another factor contributing to the stock's decline could be Indonesia’s proposed increase in mining royalties. The government is considering a new tax framework that would raise royalties on nickel ore from 10% to a range of 14%–19%, which could significantly impact operational costs for mining companies.

With market uncertainty surrounding both investor activity and regulatory changes, Nickel Industries' stock is facing heightened volatility.

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