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)
