According to The Australian Financial Review, BHP has given a downbeat view on lithium as it pushes ahead with development of a new nickel sulphate plant aimed at meeting what it predicts will be a "profound" increase in demand from the battery sector.
The company's born-again nickel division was on the chopping block until recently, but in May, chief executive Andrew Mackenzie said it was back in favour because it afforded extra exposure to the battery boom.
BHP Nickel West asset president Eddy Haegel revealed on Friday that the boss's backing for nickel came after the company had considered cobalt and lithium options and opted to pass on them.
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