Australian nickel: Anthony Albanese plans tax credits to help nickel miners
The Albanese government is fast-tracking a system of production tax credits to try to protect the ailing nickel mining industry.
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The Albanese government is fast-tracking a system of production tax credits to try to protect the ailing nickel mining industry.
The sudden crash in nickel’s fortunes has put more than the share price of big miners at risk. Entire towns could be facing wipe out, and its on people’s minds at the Kambalda Hotel.
'Just look at the so-called critical minerals industry today, lithium’s a bust, so is nickel' — Barrick chief.
The chief executive of nickel miner Wyloo, Luca Giacovazzi, has welcomed government relief measures but indicated they fall short of the vision needed to save the sector.
Amid global concerns over the nickel market's downturn and its impact on electric vehicle (EV) battery production, the Australian government's decision to include the metal in its commodities subsidy list signals a crucial step towards supporting the struggling industry.