According to The Australian Financial Review, BHP will suspend nickel mining after massive losses in a move that casts doubt over thousands of jobs in Western Australia and will inflame tensions with the Albanese government.
The mining giant announced the suspension and foreshadowed an underlying full-year loss on nickel of $450 million. It blamed a global oversupply of nickel that has stemmed from Chinese-backed producers mining in Indonesia. https://www.afr.com/companies/mining/bhp-shuts-down-nickel-business-arresting-losses-20240711-p5jsyq
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