BHP to suspend Australian nickel operations due to glut of EV metal

Nickel is a key ingredient in batteries for electric vehicles. (Image: Google Images)

Fri, 12 Jul 2024

By Rhiannon Hoyle BHP Group will shutter its Australian nickel operations this year due to a global glut of the metal, one of the key ingredients in batteries for electric vehicles.The decision to mothball the unprofitable nickel mines and processing operations, as well as a recently acquired project, follows a downturn in battery-metals markets that has left a trail of mine closures and job losses, especially in Australia.The suspension, which BHP says could last several years, cuts off a key Western source of nickel capable of supplying...

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