MELBOURNE, March 18 (Reuters) - BHP Group (BHP) sees that 30% of Australian nickel mines have been closed with 30% more under pressure because of low prices, outgoing Chief Financial Officer David Lamont said on Monday.
BHP is considering putting its Nickel West smelter, refinery and mines in Western Australia on to care and maintenance after a surge in Indonesian supply hammered prices.
"To put that into context, 30% of the Australian nickel market has gone off line and another 30% is under pressure," Lamont told a shareholder call.
MELBOURNE, March 18 (Reuters) - BHP Group (BHP) sees that 30%...
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Last
$40.42 |
Change
0.120(0.30%) |
Mkt cap ! $205.1B | |||
| Open | High | Low | Value | Volume |
| $40.15 | $40.54 | $40.00 | $215.2M | 5.330M |
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|---|---|---|
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| BHP (ASX) Chart |