18
Jan
06:03
Nickel Industries announces $471m nickel related expansion plan
Australia-listed Nickel Industries announced a nickel-focused expansion plan on Wednesday. It is launching a $471 million capital increase to support the plan, Kallanish learns.
Nickel Industries aims to "transform its business from a historical focus on the stainless-steel market to becoming a leading producer of battery grade Class 1 nickel."
According to its announcement, $270m of the proceeds will be used to indirectly acquire 10…
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Anonymous
Very good overview of the weekly steel market.
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