Business
Nickel Mines (ASX:NIC) share price wobbles despite EV battery deal
The Nickel Mines Ltd (ASX: NIC) share price has been fluctuating today after the company announced it will diversify into nickel matte production for lithium batteries.
The Nickel Mines share price is down 0.4% to $1.13 at time of writing.
Nickel Mines is engaged in acquiring, exploring, and developing nickel projects. The company owns an interest in hengjaya mines in China, with its partner Shanghai Decent Investment. Let’s take a look at this latest update.
Nickel Mines expanding into lithium battery industry
Shanghai Decent (Tsingshan) has signed an MoU with Nickel Mines, allowing two of Nickel Mines’ four 80%-owned Rotary Kiln Electric Furnace (‘RKEF’) lines to undergo the necessary modifications to allow them to…
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