Nickel Industries Limited, an ASX-listed company with a diversified portfolio of mining and low-cost downstream nickel processing assets in Indonesia, reported a total nickel production of 31,148 tonnes in the third quarter of 2025, up 2.38% from 30,463 tonnes in the previous quarter.
In its RKEF project line, the company produced 263,430 tonnes of nickel pig iron (NPI), a 1.29% increase from the prior quarter. This growth was achieved despite ongoing maintenance at the Oracle Nickel (ONI) plant following earlier flooding. Nickel Industries holds an 80% stake in each of four RKEF projects -- Hengjaya Nickel (HNI), Ranger Nickel (RNI), Angel Nickel (ANI), and Oracle Nickel (ONI) -- which produced 4,072 tonnes, 4,047 tonnes, 11,599 tonnes, and 11,431 tonnes of nickel metal, respectively, during the quarter.
Through the Huayue Nickel Cobalt (HNC) high-pressure acid leaching (HPAL) project, the company's attributable nickel production was 2,166 tonnes, based on its 10% ownership share of the 21,656 tonnes of nickel metal produced.
The Excelsior Nickel Cobalt (ENC) project, in which Nickel Industries indirectly holds a 44% interest, is nearing completion. During the quarter, the HPAL plant achieved integrated commissioning of water, steam, power, and key reagent systems, with all major process units connected via pipelines and bridges. Power and water infrastructure are largely complete, and the acid plant is expected to commence operations by the end of the quarter. In the refinery area, key reagents have been delivered in preparation for solvent extraction testing, with full production of nickel and cobalt products for battery and high-temperature alloy markets targeted next quarter.
Written by Cora Ji, jiruyan@mysteel.com
