Reuters was first to report that 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 (BHP.AX), opens new tab on its nickel strategy this year.
Commodities
BHP faces nickel choice this year as high-cost Australian miners suffer
17 January 2024, 8:41 pm 1 minute
Market Impact
Earnings tanked at BHP’s nickel business in the 2023 financial year, sliding 61% from a year earlier to just $164 million. The division accounts for less than 1% of its earnings.
Article Tags
Topics of Interest: Commodities
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Asia
Countries: AustraliaIndonesia
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
