Global top-10 nickel producer Nickel Industries (NIC) has entered a maiden nickel matte sales contract with Glencore, Managing Director Justin Werner announced today.

The contract, commencing January 2024 and running for an initial six-month term, will see nickel matte from the Company’s Hengjaya Nickel Project (HNI) sold to Glencore, representing NCI’s first sales to western customers.

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life.

Next to its portfolio of energy products, Glencore is a major producer, recycler and marketer of the transition metals and solutions that support the journey to net zero emissions.

Mr Werner said volume and pricing terms remained commercial in-confidence.

“We are delighted to have entered into this initial nickel matte sales contract with Glencore with this contract signalling a maturing of our nickel matte business and an important diversification of our customer base into western markets closely linked with the global EV supply chain,’’ Mr Werner said.

“Very pleasingly we have seen strong interest from global battery and EV makers for our matte product, and welcome this first contract with Glencore as we continue to broaden of our customer base.”

ENDS

Image source: Nickel Industries Limited

Source: Sean Waddington (sean@egnmedia.com.au)