Five nickel producers in Western Australia are scaling back operations or going into care and maintenance as the price of nickel drops.
When miners first struck nickel in Western Australia 's dusty outback in the late 1960s, it kickstarted a rollercoaster ride that brought the likes of Harold Holt and Andrew Forrest to town. So exciting was the revelation of nickel in Kambalda, 60 kilometres south of Kalgoorlie, the prime minister came to town to join the party.Today it is seen as not only important but critical – due to its use in the batteries needed for the global energy transition.
Two years ago, the price of nickel reached a dizzying height of around $76,000 (US$50,000) per tonne."Wyloo has targeted nickel sulphides as they are the greenest and cheapest option for battery manufacturing," Mr Forrest said at the time.Kambalda nickel mine closureThe price is now sitting around $24,300 ($US16,000) per tonne, and five WA nickel producers across the state have announced they are either scaling back operations or going into care and maintenance. Thousands of jobs are on the lin
Nickel Western Australia Closures Prices Producers
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