Nickel Industries Limited is an ASX-listed company which owns a portfolio of mining and low-cost downstream nickel processing assets in Indonesia.

The Company has a long history in Indonesia, with controlling interests in the world-class Hengjaya Mine, as well as four rotary kiln electric furnace (RKEF) projects which produce nickel matte for the electric vehicle (EV) supply chain and nickel pig iron (NPI) for the stainless-steel industry.

Having established itself as a globally significant producer of NPI, the Company is now rapidly transitioning its production to focus on the EV battery supply chain – recently, the Company has converted some of its existing production from NPI to nickel matte, and also acquired a 10% interest in the Huayue Nickel Cobalt (HNC) HPAL project, adding mixed hydroxide precipitate (MHP) to its product portfolio.

Nickel Industries is now embarking on its next strategic collaboration and transformative step, announcing a positive final investment decision to invest in Excelsior Nickel Cobalt (ENC), a next-generation HPAL project capable of producing MHP, nickel sulphate and nickel cathode. ENC will produce approximately 72,000 tonnes of nickel metal per annum, diversifying the Company’s production and reducing the Company’s carbon emissions profile – reflecting the strong commitment to sustainable operations.

A key part of Nickel Industries growth and innovative advantage has been the Company’s partnership with Tsingshan, the world’s largest stainless steel and nickel producer. Commencing in 2017 with the Collaboration and Subscription Agreement governing the Hengjaya Nickel Project, the partnership has now grown to include the Ranger Nickel, Angel Nickel and Oracle Nickel RKEF projects, as well as the Huayue Nickel Cobalt and Excelsior Nickel Cobalt HPAL projects.