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BHP boss says nickel business unlikely to be profitable until 2030 as mining giant considers Nickel West s future

BHP boss says nickel business unlikely to be profitable until 2030 as mining giant considers Nickel West s future
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What s behind the collapse in the price of nickel and how can the industry survive?

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

Why Mining Giant BHP Shares Are Sliding Premarket Tuesday - BHP Group (NYSE:BHP)

BHP Group reported 6% rise in revenue to $27.2B for the half year ended December 31, 2023. Copper prod. up 7% & iron ore down 2%. Underlying EBITDA grew 5% to $13.9B. Dividend of $0.72 declared.

BHP half-year net profit plunges nearly 90% as nickel price collapsed (NYSE:BHP)

BHP half-year net profit plunges nearly 90% as nickel price collapsed (NYSE:BHP)
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BHP announces profit of $6 6bn in second half of 2023

Despite volatility in global commodity prices and increasing demand in China, BHP’s profits remained the same as last year.

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