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Hace 18 horas · Australia's BHP Group (BHP.AX) is the latest victim of a two-year price slump, which has seen London Metal Exchange (LME) three-month nickel tumble from an all-time high of $55,000 per metric ton ...
Hace 1 día · Indonesia aims to dominate the world’s nickel supply, and it’s succeeding. The country has gone from having two nickel smelters to 27 over the last 10 years, with 22 more planned, according to S&P Global Commodity Insights. Last year, the country was responsible for more than half the supply of nickel ore globally.
Hace 9 horas · Last week, Aussie mining giant BHP announced it was suspending its vast nickel operations in Western Australia impacting its 2500-strong workforce. “Like others in the Australian nickel sector ...
Hace 5 días · The impact of the closure of BHP's Nickel West operations will be far and wide and "almost signals the end of the Australian nickel industry", a prominent mining analyst says.
Hace 2 horas · LONDON: Indonesia's nickel production surge is crushing competitors and challenging the West's ambitions of diversifying its critical metals supply chains. Australia's BHP Group is the latest victim of a two-year price slump, which has seen London Metal Exchange three-month nickel tumble from an all-time high of $55,000 per metric ton in March 2022 to $16,650.
Hace 1 día · The Indonesian nickel industry has been backed heavily by Chinese investment, who need huge supplies to sustain its colossal EV manufacturing sector. In February 2024 Nickel prices bombed, following a global supply glut from Indonesia engineered by China. The global price fell from a high of US$50,000 in 2022 to just $16,400 per tonne.
Hace 6 días · BHP has shocked the mining world after announcing a sudden shutdown of its nickel operations in Western Australia until at least 2027. The company employs roughly 2,500 to 3,000 people in that...
