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 phosphate (LFP), which does not use nickel, has been gaining ground as the EV battery chemistry of c...
Source: yahoo.com