Top 3 Nickel ASX Stocks To Invest In Right Now!
Our Active Trades Performance in September
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Cyclopharm (ASX:CYC)
CYCMarch 31, 2023Up to $2.20$2.79$2.25$3.0070.1% -
Weebit Nano (ASX: WBT)
WBTMay 17, 2022Up to $5.00$3.15$3.50$9.5641.9%
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Cyclopharm (ASX:CYC)
CYCMarch 31, 2023$2.7970.1% -
Weebit Nano (ASX: WBT)
WBTMay 17, 2022$3.1541.9%
Stocks Down Under’s Team Of Experts Has Put Together Our Top Nickel Shares Picks To Invest In Right Now!
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Who Should Invest in Nickel Stocks?
Investing in nickel stocks presents an exciting opportunity, particularly for those with a keen interest in the commodities market or those seeking diversification in their portfolio. Here's who should consider investing in nickel stocks:
Long-term investors who believe in the growth story of electric vehicles and green energy should consider nickel stocks.
Long-term investors who believe in the growth story of electric vehicles and green energy should consider nickel stocks.
Prices can fluctuate based on factors such as global supply and demand dynamics. Risk-tolerant investors may find investing in nickel stocks a rewarding venture.
Prices can fluctuate based on factors such as global supply and demand dynamics. Risk-tolerant investors may find investing in nickel stocks a rewarding venture.
Value investors seeking undervalued may find nickel stocks appealing. Due to the cyclical nature of nickel mines, some nickel stocks could be trading below their intrinsic value
Value investors seeking undervalued may find nickel stocks appealing. Due to the cyclical nature of nickel mines, some nickel stocks could be trading below their intrinsic value
Environmental, Social, and Governance (ESG) investors might find nickel stocks appealing. As the world transitions to cleaner energy, the demand for nickel in electric vehicle batteries, is expected to rise
Environmental, Social, and Governance (ESG) investors might find nickel stocks appealing. As the world transitions to cleaner energy, the demand for nickel in electric vehicle batteries, is expected to rise
Thematic investors who focus on trends like the rise of renewable energy, and electric vehicles might find nickel stocks an attractive proposition. As these trends grow, the demand for nickel will likely soar.
Thematic investors who focus on trends like the rise of renewable energy, and electric vehicles might find nickel stocks an attractive proposition. As these trends grow, the demand for nickel will likely soar.
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Nickel Industries Limited and Their Role in the Nickel Market
As a major player in the nickel industry, Nickel Industries Limited has been working diligently to meet the rising nickel demand. They have been focused on producing nickel for lithium ion batteries and stainless nickel produced for the steel sector. Their production of nickel pig iron, a critical element in producing stainless steel, has seen an upward trajectory over the past year.
Nickel Prices and the Battery Sector
The surge in nickel prices has primarily been fueled by the rising demand in the battery sector. Lithium-ion batteries, critical in the production of electric vehicles, have been a major factor in the rising nickel price. The robust demand for lithium ion batteries is set to increase as the EV market continues to grow. This, in turn, is projected to boost nickel prices further, creating a favourable environment for nickel producersn
Nickel Sulphide Ore: A Key Player in Nickel Production
Nickel sulphide ore plays a crucial role in the production of nickel. Western Australia, being rich in nickel sulphide, has been a hotspot for nickel exploration, leading to increased nickel production in the region. Nickel sulphide mining projects there have been key in unlocking the potential for higher nickel output.
The Rise in Stainless Steel Demand
Stainless steel demand, another significant factor driving nickel prices, has also seen a marked increase. With nickel being a key component in producing stainless steel, the rise in stainless steel demand has driven up the nickel price and prices produce stainless steel too, benefiting the nickel market.
Nickel Sulphide and Its Role in Electric Vehicle Batteries
Electric vehicle batteries are becoming a key part of the the nickel sulphides market. These batteries rely heavily on high-grade nickel sulphide, with the material's unique properties making it ideal for battery production. As electric vehicles continue to gain momentum, the demand for nickel sulphide is expected to grow significantly.
Nickel's Impact on Stainless Steel Production
The global stainless steel sector, another significant consumer of nickel, accounts for approximately 70% of overall nickel demand. The sector has experienced robust growth over the last more than a decade, primarily driven by rapid industrialisation and urbanisation. Nickel is a key component in producing stainless steel due to its corrosion resistance and heat-resistant properties. Its addition enhances the material's overall performance, making it more durable and versatile for a broad spectrum of applications.
Nickel pig iron, a low-grade ferronickel created in blast furnaces using low-grade laterite nickel ore, has been increasingly used in stainless steel production. Nickel Mines and Nickel Industries Limited, with their focus on nickel pig iron, are well-positioned to benefit from the surge in global stainless steel demand.
According to a report by Grand View Research, the global stainless steel market size was valued at $111.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.3% from 2021 to 2027.
The escalating growth of the stainless steel market poses a promising outlook for nickel producers worldwide.
Frequently Asked Questions
Nickel Mines Ltd, Poseidon Nickel Limited, and Blackstone Minerals Limited are currently leading the ASX nickel market, with promising projects and solid growth potential.
Our Top 3 ASX Nickel Stocks
Nickel Mines Ltd (ASX: NIC)
The impressive performance of Nickel Mines Ltd can be quantified through its most recent financial report, which reveals a notable increase in production volumes. The company's mining projects produced a record 35,100 tonnes of nickel in 2022, up 15% from the previous year. This increase was complemented by a surge in nickel prices, further driving their revenue growth by 35% to AU$1.4 billion in 2022. In addition, the company's consistent growth has increased their market capitalisation and market cap, currently standing at AU$3 billion.
Poseidon Nickel Limited (ASX: POS)
Poseidon Nickel Limited's financial performance has been equally robust. The company's revenue increased by 18% to AU$225 million in 2022, driven by consistent nickel production at its Lake Johnston Nickel and Cassini Nickel Mine. The firm produced a commendable 4,500 tonnes of nickel last year, a 10% increase compared to 2021. The company's market capitalisation has seen steady growth, reaching AU$400 million in the last quarter.
Blackstone Minerals Limited (ASX: BSX)
Blackstone Minerals Limited, a leader in nickel exploration and production, has been focused on its Blackstone Cobalt Project. Blackstone Minerals currently boasts a market capitalisation of AU$250 million. Blackstone Minerals Limited’s financial statements demonstrate robust growth. Their revenue rose by 20% year-on-year to reach AU$100 million in 2022. Blackstone Minerals successfully produced 2,500 tonnes of nickel in 2022, marking a substantial increase of 12% from the previous year.
Our Blogs on Nickel Stocks
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