Canadian Miner Closes Nickel Mine in Australia Costing 330 Jobs theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) A prolonged slump in nickel prices is stress-testing producers worldwide, raising the prospect of sweeping mine closures that will deepen Indonesia’s dominance of global supply.Most Read from BloombergFlorida Governor DeSantis Drops Out of 2024 Race, Endorses TrumpHedge Funds Rake in Huge Profits Betting on Catastrophe RiskGloom Over China Assets Is Spreading Beyond Battered StocksTrump Retires ‘DeSanctimonious’ Insult After DeSantis Backs HimPutin Orders Hunt for Property of Russ
The boom in battery metal prices has turned to bust, prompting closure of high-cost Australian lithium and nickel operations. Could these be the next to shut?