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The latest update is out from Nickel Mines Ltd. ( (AU:NIC) ).
Nickel Industries Limited has received approval to extend its 2025 nickel ore sales quota from 9 million to 10.5 million wet metric tonnes, allowing immediate resumption of sales. This extension is supported by the approval of an environmental impact analysis, which also facilitates a potential increase in 2026. The company is implementing innovative environmental practices, such as in-pit tailings storage and slurry pipelines, to reduce costs and emissions, enhancing its position as a low-carbon nickel producer. These developments are significant for Nickel Industries’ operational expansion and commitment to sustainable practices, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (AU:NIC) stock is a Buy with a A$0.80 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 an ASX-listed company with a strong presence in Indonesia, owning a portfolio of mining and low-cost downstream nickel processing assets. The company has controlling interests in the Hengjaya Mine and four rotary kiln electric furnace projects that produce nickel pig iron for the stainless-steel industry. Recently, Nickel Industries has been transitioning its focus towards the electric vehicle battery supply chain, acquiring a stake in the Huayue Nickel Cobalt HPAL project and planning the commissioning of the Excelsior Nickel Cobalt project.
Average Trading Volume: 7,705,188
Technical Sentiment Signal: Buy
Current Market Cap: A$3.21B
See more data about NIC stock on TipRanks’ Stock Analysis page.