With its diverse applications in both technology and industry, nickel is a metal that will never go out of style.
Nickel is commonly used in alloys to create stainless steel, but more recently has found a modern use: batteries. As the electric vehicle trend gains steam, the base metal is in high demand for its role in lithium-ion batteries.
Year-to-date gain: 45.83 percent; market cap: AU$139.88 million; current share price: AU$0.70
Year-to-date gain: 27.34 percent; market cap: AU$3.75 billion; current share price: AU$0.885
Nickel Industries has built a large portfolio of nickel-mining and downstream processing assets in Indonesia.
A major producer of nickel pig iron for the stainless steel sector, the company began its transition to a battery-grade nickel producer for the electric vehicle battery market in 2022. Nickel Industries holds 80 percent interests in four nickel rotary kiln electric furnace operations, as well as the Hengjaya nickel mine in Indonesia.
Year-to-date gain: 7.14 percent; market cap: AU$37.76 million; current share price: AU$0.015
Creasy Group and IGO are also the two largest shareholders in the company.
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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