Nickel Industries Ltd (ASX: NIC)Share Price and News
About Nickel Industries
Nickel Industries owns and operates multiple mining and processing assets in Indonesia. These include the Hengjaya Mine and four rotary kiln electric furnace (RKEF) facilities—Hengjaya Nickel, Ranger Nickel, Angel Nickel, and Oracle Nickel—which primarily produce nickel pig iron (NPI) for stainless steel markets.
The company is also expanding into battery-grade materials through high-pressure acid leach (HPAL) projects such as the Huayue Nickel Cobalt (HNC) and Excelsior Nickel Cobalt (ENC) projects, which produce mixed hydroxide precipitate (MHP). These moves support its strategy to become a key player in the global energy transition.
Nickel Industries Ltd Company History
Nickel Industries Ltd was established in 2007 and initially focused on acquiring and developing nickel assets in Indonesia. The company began commercial operations with the Hengjaya Mine, a high-grade nickel laterite resource. A key turning point came through its partnership with Tsingshan Holding Group, which facilitated the development of several rotary kiln electric furnace (RKEF) operations for nickel pig iron production.
Over the years, Nickel Industries has grown rapidly, expanding its processing footprint with projects like Angel Nickel and Oracle Nickel. More recently, the company has diversified into high-pressure acid leach (HPAL) technology to produce battery-grade nickel for electric vehicles.
Future Outlook of Nickel Industries Ltd (ASX: NIC)
Nickel Industries Ltd is strategically positioned to benefit from the growing global demand for nickel, particularly in the electric vehicle (EV) and renewable energy sectors. The company is transitioning from producing traditional nickel pig iron (NPI) for stainless steel to higher-value battery-grade products like nickel matte and mixed hydroxide precipitate (MHP).
This shift supports its ambition to play a larger role in the global EV supply chain, which is projected to drive long-term demand for high-purity nickel. Key to this transition are its investments in high-pressure acid leach (HPAL) projects, such as the Huayue Nickel Cobalt (HNC) and Excelsior Nickel Cobalt (ENC) facilities.
These developments are expected to significantly expand production of battery-grade nickel in the coming years. With backing from strategic partners, Nickel Industries aims to establish itself as a low-cost, large-scale supplier to global automakers and battery manufacturers. The company’s existing rotary kiln electric furnace (RKEF) operations continue to deliver strong production and provide cash flow to support growth.
However, risks remain, including nickel price volatility, development challenges, and regulatory changes in Indonesia. If execution remains strong and demand trends continue, Nickel Industries is well placed for long-term growth as a diversified supplier of both industrial and battery-grade nickel products.
Is NIC a Good Stock to Buy?
Nickel Industries offers investors direct exposure to the nickel market with a growing footprint in the battery materials sector. Its vertically integrated model, established partnerships, and strong operational base support its long-term growth narrative. At the same time, risks remain due to its commodity exposure and project complexity.
Investors seeking growth from the clean energy transition may find the company appealing, while those concerned about short-term price volatility should weigh the risks before investing.
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Frequently Asked Questions
Nickel Industries currently offers a dividend yield of approximately 5.84%, reflecting its approach to shareholder returns even as it continues to invest in growth.