Nickel Industries (ASX:NIC) owns a portfolio of mining and low cost downstream nickel processing assets which produce nickel for the stainless steel industry and the electric vehicle supply chain. The Company has a long history in Indonesia, with controlling interests in the world-class Hengjaya Mine as well as four rotary kiln electric furnace (RKEF) projects which produce nickel pig iron (NPI) for the stainless steel industry. Joining me to discuss more ahead of appearing at Sydney Mining Club is Managing Director, Justin Werner. Justin, welcome to The Stock Network.
1. Nickel outlook
Nickel Industries has been a long-term player in the nickel market, both as a miner and nickel pig iron producer. What is the outlook for both these segments of the nickel market?
2. Diversification strategy
Nickel Industries is currently implementing a diversification strategy that leverages the expected long term demand for EVs. What portion of your revenues is expected to be derived from nickel cathode over coming years?
3. Growth prospects
Nickel Industries just recently announced the acquisition of the Sampala nickel project from your local Indonesian partner. What are the broad parameters of your planned exploration and mine development programs for this asset, and why did your Indonesian partner want to sell the asset?
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