NICKEL PROBLEMS in AUST.

GLAH ... Mal
Well I dont know how this will or wont affect our ASX:WIN

Precis
(ASX:BHP) CEO Mike Henry a week on from an announcement that it could place the Nickel West operations on care and maintenance. One of the world’s largest nickel sulphide businesses turning over 80,000t of nickel metal per annum fell heavily into the red in the December half, eating a US$200 million loss as a flood of supply from Indonesia — up 3.6x since 2019 on BHP’s numbers — saw prices fall deep into the cost curve.
BHP thinks 50% of the nickel market is now lossmaking.
Most of those in the green appear to be Chinese backed players in Indonesia,
a country producing what Aussie mining billionaire and of late climate campaigner Andrew Forrest has described as ‘dirty nickel’.
Regardless of the impression such epithets have left on western automakers they still see the value in using Indonesian sourced battery nickel for their vehicles.
There is no Western ‘green premium’ to speak of at this point, something the Aussie Government is pushing to see.
The Australian Government made a bid to keep nickel miners in operation and spending to extend the life of their assets —
BHP has to make a decision on whether to invest in a US$750m-1b rebuild of its 52-year-old Kalgoorlie smelter this year — by placing the commodity on the critical minerals list.

The WA State Government will provide an 18-month royalty discount for nickel producers.
Already BHP suppliers Wyloo Metals and IGO have announced plans to head into care and maintenance at their Kambalda and Cosmos mines, with separated closures or production curbs announced by Panoramic Resources (Savannah), First Quantum (Ravensthorpe) and Mallee Resources (Avebury).
The companies behind the former and latter were already in administration.
continues ..... see link below thanks to *

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