Andrew Forrest shutsters mines as nickel dominoes tumble

News Snapshot:

The latest capitulation brings job losses across WA nickel mines to more than 1000 since the start of December, despite demand for the metal used in stainless-steel making and electric vehicle batteries. The plight of the Australian nickel sector has escalated tensions between Canberra and Indonesia, with Resources Minister Madeleine King unhappy about Indonesian trade policies that have supercharged Chinese investment in nickel production in the South-East Asia nation. BHP, which employs about 2500 people in nickel in WA, last week repeated warnings reported by The Australian Financial Review in December that its mines and downstream processing assets were not...