“The international nickel price is forecast to stay relatively low through 2024, and likely for several years to come until the surplus of nickel in the market is corrected,” Minister King said.
“In the meantime, this puts further Australian nickel operations at risk.
“Given impacts to our domestic capacity and noting the broader market developments presently unfolding in the nickel sector, I am fully convinced that we must be proactive in addressing the recent developments, including by adding nickel to the Critical Minerals List.”
Australian nickel resources are produced to high environmental, social and governance (ESG) standards, meaning Australia offers more sustainable and ethical critical minerals than many of our competitors.
Australia is a world leader in conditions and protections afforded to workers and a leader in worker safety.
Minister King said she had been progressing important discussions with international counterparts in US, Canada and EU to ensure the high standards applied in Australian mining and production of nickel and other critical minerals are reflected in future pricing on international markets.
Australian nickel producers must be able to compete fairly in international markets. We are determined to make this happen.
When the playing field is fair, Australian resources stand a fair chance.
https://www.nationaltribune.com.au/nickel-placed-on-critical-minerals-list/
this sounds like a spot of protectionist policy. would buyers of Nickel give a damn about ESG and be prepared to pay extra?
Ann: Appointment of Voluntary Administrators, page-116
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