BHP’s nickel blunder a timely reminder for Australia
BHP wanted to profitfrom the EV boom by selling nickel to battery makers. It hasn’t worked, yet.
Jul11, 2024 – 7.01pm
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The globalnickel market is a battle of two things: electric vehicles and Indonesianminers.
In 2024,the Indonesians are winning. The miners are supplying nickel into the marketquicker than Tesla and other electric vehicle groups are making cars.
BHP’sGeraldine Slattery. David Rowe
Sowhile there’s plenty of hype about EVs, the nickel price doesn’t show it. Themarket is in glut and old-world nickel miners like BHP, also facing costpressures, cannot make a buck.
The wayBHP sees it, that supply/demand equation will remain in the Indonesians’ favourfor at least the next few years.
bayrock RIP
Ann: Large basin confirmed in drillholes at Liberty Lithium Brine, page-32
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