Chanticleer
BHP’s nickel blunder a timely reminder for Australia
BHP wanted to profit from the EV boom by selling nickel to battery makers. It hasn’t worked, yet.
The global nickel market is a battle of two things: electric vehicles and Indonesian miners.
In 2024, the Indonesians are winning. The miners are supplying nickel into the market quicker than Tesla and other electric vehicle groups are making cars.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
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