Sumitomo Sells 54% Stake in Ambatovy Nickel Mine, Boosts 2026 EPS by 19%
Sumitomo divests 54 % stake in Madagascar’s Ambatovy nickel mine, citing market shifts and operational disruptions; the move nets a ¥70 billion charge yet boosts FY profit to ¥600 billion, while shares rally 17 % amid a stronger yen and a new buy‑ba…
2 minutes to read