Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Canada-based Nickel28’s production of mixed hydroxide (MHP) with 33,659mt of nickel content at its Ramu Nickel-Cobalt project in Papua New Guinea has put the company as the top MHP producer globally. 


The company’s full-year sales of MHP containing high nickel content for the period ended December 31, grew to 75,071mt at the Ramu project where Nickel28 holds an 8.56pc share, it said in a statement. Nickel28’s revenue crossed $410mn with a strong cash balance of $6.4mn, during the same year in review. 


Apart from the joint venture at the Ramu project, the battery metal focused investor manages a portfolio of 13 other exploration and development projects in Canada, Australia, and Papua New Guinea. 

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