Nickel price drops most since 2016 on Tsingshan deal mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.
Jan 27 2021
Nickel Mines Ltd posted record earnings in the December quarter and beat all broker forecasts, with coming expansion suggesting further upside.
-Nickel Mines reported record NPI production
-Increased stake in Angel Nickel
-Change to pricing structure
By Greg Peel
Nickel Mines Ltd ((NIC)) has an 80% interest in two rotary kiln electric furnace (RKEF) projects in the Morowali Industrial Park in Indonesia. Chinese steel company Tsingshan holds the other 20%.
The two projects, Hengjaya and Ranger, together produced a record 11.5kt of nickel in the December quarter, up 8% on the September quarter and 5% year on year. Both production, and realised nickel prices, exceeded broker forecasts by varying degrees.
These ASX stocks just got a big upgrade on the back of Tesla (NASDAQ:TSLA)
Brendon Lau | January 14, 2021 3:18pm |
More on: Image source: Getty Images
There’s one group of ASX stocks that just got a big valuation boost by the analysts at
These are ASX nickel miners as the broker lifted its price forecast for the commodity due to growing demand from battery makers.
Nickel is a key ingredient in batteries that are used by electric car manufacturers, such as
The nickel price on supercharge
Traditional car makers are also joining the electrification rush. The world’s largest car maker, Volkswagen (VW), is on track to become a market leader, reported