ANALYSIS: Difficult Future Ahead After BHP’s Nickel Shutdown

Competiton from Asia means the price for nickel has dropped from $US30,000 a tonne to $US16,000 a tonne, making BHP’s nickel operations unprofitable.

The company logo adorns the side of the BHP global headquarters in Melbourne, Australia, on Feb. 21, 2023. William West/AFP via Getty Images

Analysis

BHP has announced it’s mothballing its WA nickel mines and processing plant for at least three years, citing an “oversupply in the global nickel market.”