Canadian Miner Closes Nickel Mine in Australia Costing 330 Jobs
Nickel is a vital component of electric vehicle batteries.
This picture taken on Feb. 8, 2023, shows workers using excavators during an exploration for nickel ore by Gema Kreasi Perdana (GKP) on Wawonii island in southeast Sulawesi. - The dig site is part of a huge rush to Indonesia, the world's largest nickel producer, by domestic and foreign enterprises to mine the critical component used in electric vehicle batteries. Adek Berry/AFP via Getty Images
Canadian miner First Quantum Minerals is set to close its Ravensthorpe Nickel Operation (RNO) in Western Australia, costing 330 jobs.
Nickel is a key component of lithium-ion batteries for electric vehicles (EV) and is also used in stainless steel production.
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]
