** Shares of Nickel Industries NIC.AX fall as much as 12.1% to A$0.435, their weakest levels since mid-April 2020, as they track metal prices lower

** Metal prices in China, including nickel, face downward pressure as the looming 104% U.S. tariffs on Chinese goods is set to take effect, lowering sentiment MET/L

** SHFE Nickel SNIcv1 down 0.3%

** YTD, shares down 46.1%

(Reporting bt Nichiket Sunil in Bengaluru)

((nichiket.sunil@thomsonreuters.com))