BHP halts nickel operations in Western Australia due to low prices and oversupply

From investing.com: 2024-07-11 03:30:33

Australia’s BHP Group to halt Nickel West operations and West Musgrave project due to plummeting prices and global oversupply. Plans to review decision by February 2027. Investing $300 million annually for potential restart. Nickel prices recovering but still down 25% from last year. Challenges include Indonesia’s dominance and battery focus.

Australian IGO pauses battery chemical plant study citing low nickel prices. BHP to release quarterly production report next week. Transitioning to add value to mineral resources amid structural challenges. Australia grappling with low prices and high costs in the processing industry.Global producers face pressure from oversupply and shifting battery technology trends.



Read more at investing.com: BHP to suspend Western Australia nickel operations By Reuters