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Nickel Industries

An ASX-listed company with mining and nickel processing assets in Indonesia, transitioning to the EV battery supply chain.

Last updated September 1, 2026

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Overview

Nickel Industries Limited is an ASX-listed company that owns a portfolio of mining and low-cost downstream nickel processing assets in Indonesia. It has controlling interests in the Hengjaya Mine and four RKEF projects producing nickel pig iron (NPI) for stainless steel and nickel matte for the EV supply chain. The company is transitioning to focus on the EV battery supply chain, having acquired a 10% interest in the Huayou Nickel Cobalt (HNC) HPAL project and a 46% interest in the Excelsior Nickel Cobalt (ENC) HPAL project, which will produce MHP, nickel cathode, and nickel sulphate. Its head office is in Sydney, Australia.

History

Nickel Industries Limited is an ASX-listed company with a long history in Indonesia, holding controlling interests in the Hengjaya Mine and four RKEF projects. It has established itself as a globally significant producer of nickel pig iron (NPI) and is transitioning to the EV battery supply chain. The company has acquired a 10% interest in the Huayou Nickel Cobalt (HNC) HPAL project and a 46% interest in the Excelsior Nickel Cobalt (ENC) HPAL project, which is currently commissioning and will produce MHP, nickel cathode, and nickel sulphate. The partnership with Tsingshan, the world's largest stainless steel and nickel producer, began in 2017 with the Collaboration and Subscription Agreement governing the Hengjaya Nickel Project.

Products and positioning

  • Nickel pig iron (NPI)

    Produced for the stainless steel industry.

  • Nickel matte

    Produced for the electric vehicle (EV) supply chain.

  • Mixed hydroxide precipitate (MHP)

    Added to product portfolio via HNC HPAL project.

  • Nickel cathode

    To be produced by the ENC HPAL project.

  • Nickel sulphate

    To be produced by the ENC HPAL project.

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