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Australia's Orica climbs to near 2-month high after company secures ammonium nitrate supply

By Reuters News01:37 (UTC), 28 September 2026 Updated

** Shares of Australia's Orica ORI.AX rise as much as 2.3% to A$23.37, their highest level since August 10

** The commercial explosives supplier says it has sourced ammonium nitrate supply for contracted customers in North America for FY27

** Company does not expect material impact on margins in FY27 as a result of logistics cost optimisation, cost-out initiatives and customer arrangements

** YTD, stock down nearly 4%

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