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BHP Group (NYSE:BHP), the world's largest miner, suspended its Western Australia nickel operations due to a significant decline in nickel prices and a global oversupply.

Since 2016, about 85 per cent of BHP's production has ... including supply agreements with Tesla and Ford. Kalgoorlie-Boulder Mayor Glenn Wilson said it felt like nickel miners had been "caught ...

But the advent of Tesla in the auto marketplace, and the subsequent performance offered up to drivers by way of battery-powered cars, has caused even racy publications like DragTimes to get in on ...

For this reason, BHP announced the suspension of its Nickel operations in Australia. From the 2024 Annual Report: On 11 July 2024, we announced Western Australia Nickel, comprising the Nickel West ...

A key competitor sees no light at the end of the tunnel for Australian producers in terms of a green premium or price recovery that could restart operations that were mothballed in 2024.

and working on Brazilian nickel asset divestments. "If BHP were bidding what they thought was fair value, it is difficult to see why they would bid more now," remarked George Cheveley, fund ...