Big news coming out of BHP...they have indefinitely suspended their nickel operations in Western Australia due to the global oversupply of cheap Indonesian nickel. Chinese run Indonesian mines with government backing has really changed the microeconomics of the real world!
These types of closures will become systemic while China have a handshake agreement with the Indonesian government.
Now we understand why Mitsubishi are interested in dealing with Chalice. Come 2029 the Indonesian mines are going to be a watch this space in how sustainable their costs compare to todays business models? They are already under pressure to improve the environmental impact caused by nickel mining. Over 5000 hectares of tropical rain forest have been devastated due to mining operations!
Chalice have a tier 1 resource under farmland at shallow depths. Chalice are open to continue JV talks with other parties. Chalice must be high on the priority list for future funding from the federal government's critical minerals facility?
CHN chart, page-8629
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$1.10 |
Change
-0.015(1.35%) |
Mkt cap ! $427.8M | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.13 | $1.09 | $2.576M | 2.336M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3200 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.11 | 49045 | 2 |
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