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Commodities
17 January 2024, 8:41 pm 1 minute
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.
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
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