Nickel Industries-Glencore matte sales contract
Nickel Industries Limited (ASX: NIC) has entered into a maiden nickel matte sales contract with Glencore AG commencing in January 2024 and running for an initial six-month term.
The contract will see nickel matte from Nickel Industries’ Hengjaya nickel project in Indonesia sold to Glencore.
Nickel Industries managing director Justin Werner says the company is delighted about this initial Glencore contract.
“This contract [signals] a maturing of our nickel matte business and an important diversification of our customer base into western markets closely linked with the global EV supply chain,” he said.
“Very pleasingly we have seen strong interest from global battery and EV makers for our matte product and welcome this first contract with Glencore as we continue to broaden our customer base.”
This contract represents Nickel Industries’ first direct sales to western customers.
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