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By Melanie Burton
MELBOURNE (Reuters) - Australian nickel producers, hit by a sharp jump in supply from rival Indonesia, are starting to buckle under low prices that analysts expect will force a rethink by top global miner BHP Group on its nickel strategy this year.
The metal has long been feted as a key battery material for electric vehicles because it improves energy density so cars can run further on a single charge.
BHP has promoted nickel as core to its green strategy. It signed a deal t...
>>> Read more: Analysis - BHP faces nickel choice this year as high-cost Australian miners suffer
MELBOURNE (Reuters) - Australian nickel producers, hit by a sharp jump in supply from rival Indonesia, are starting to buckle under low prices that analysts expect will force a rethink by top global miner BHP Group on its nickel strategy this year.
The metal has long been feted as a key battery material for electric vehicles because it improves energy density so cars can run further on a single charge.
BHP has promoted nickel as core to its green strategy. It signed a deal t...
>>> Read more: Analysis - BHP faces nickel choice this year as high-cost Australian miners suffer
