Why the BHP share price has a nickel thorn in its side fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
Australian nickel producers, hit by a sharp jump in supply from rival Indonesia, are starting to buckle under low prices that analysts expect will force a rethink by top global miner BHP Group on its nickel strategy this year.
Australia s high-priced nickel mining sector, dominated by the firm BHP, faces constraints due to Indonesia s dominance in the supply arena. Additionally, transformative developments moving away from nickel use in batteries have triggered a substantial 40 percent price decrease over the past year, stabilizing around $16,000 per ton.
Alamos expands Quebec footprint with Orford acquisition miningweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miningweekly.com Daily Mail and Mail on Sunday newspapers.
Alamos Gold Inc. (“Alamos” or the “Company”) is pleased to announce that it has entered into a definitive agreement (the “Agreement”) pursuant to which Alamos will acquire all of the issued and outstanding shares of Orford Mining Corporation (“Orford”) by way of a court-approved plan of arrangement (the “Transaction”).