It is reeling from a plunge in metal prices and an oversupply in the global market
Australia’s BHP Group will temporarily suspend its Nickel West operations and West Musgrave project from October, the miner said on Thursday (Jul 11), as it reels from a plunge in metal prices and an oversupply in the global market.
The world’s largest listed miner intends to review its decision to temporarily suspend its western Australia nickel operations by February 2027.
“We have not been able to overcome the substantial economic challenges driven by a global oversupply of nickel,” said Geraldine Slattery, BHP’s Australia president.
BHP will invest around US$300 million every year after a transition period to support a possible re-start of the nickel business. REUTERS
