Investor Presentaiton
MERDEKA BATTERY
MATERIALS
Nickel Matte Overview
Powering the future, sustainably.
HNMI produces a high-grade nickel matte product with nickel content >70%. MBM is expected to produce 28,000
to 31,000 tonnes of nickel in nickel matte, following acquisition completion in 2Q 2023
MERDEKA BATTERY 60%
MATERIALS
青山控皎 40%
TSINGSHAN
RKEFS
Simplified Flow Diagram
Converter
Nickel matte is an intermediate product
that is used to produce nickel sulphate,
an integral component of the battery
value chain
CSI, BSI and ZHN
HNMI
$
By acquiring an existing nickel matte
converter, MBM is benefiting from
immediate incremental cashflow by
selling a higher value product
HNMI can produce on average 50ktpa of
high-grade nickel matte, complementing
MBM's significant NPI production base
Nickel Pig
Iron
Low-Grade
Nickel Matte
High Grade
Nickel Matte
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