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Analysis - BHP faces nickel choice this year as high-cost Australian miners suffer

Australian nickel producers, hit by a sharp jump in supply from rival Indonesia, are starting to buckle under low prices that analysts expect will force a rethink by top global miner BHP Group on its nickel strategy this year. But Australia's producers have been squeezed by Indonesia's emergence as a supply powerhouse and on the demand side by innovations away from using nickel in batteries, which have led to a 40% price slump over the past year to around $16,000 a ton. Lithium iron ...
Jessica Farrell Glyn Lawcock Luca Giacovazzi Wyloo Giacovazzi Sonali Paul Lachlan Shaw
Source: yahoo.com

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