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Nickel Mines Ltd. ( (AU:NIC) ) has provided an update.
Nickel Industries Limited has announced progress on its Excelsior Nickel Cobalt (ENC) Project, highlighting the nearing completion of its integrated nickel refinery, which will soon commence staged commissioning. The company has decided to prioritize the completion of its ENC HPAL smelter and sulphate circuit, expecting to receive the necessary industrial business license by early Q1 2026. This strategic focus aligns with their original schedule and reflects their commitment to advancing their position in the battery chemicals market, particularly for the electric vehicle industry.
The most recent analyst rating on (AU:NIC) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Nickel Mines Ltd. stock, see the AU:NIC Stock Forecast page.
More about Nickel Mines Ltd.
Nickel Industries Limited is a company engaged in the mining and production of nickel and cobalt, primarily focusing on the development of high-pressure acid leach (HPAL) smelters and integrated nickel refineries. The company is strategically positioned in the nickel industry, catering to the growing demand for battery chemicals, particularly in the electric vehicle sector.
Average Trading Volume: 7,022,452
Technical Sentiment Signal: Buy
Current Market Cap: A$3.32B
See more insights into NIC stock on TipRanks’ Stock Analysis page.