BHP will suspend nickel mining after massive losses in a move that casts doubt over thousands of jobs in Western Australia and will inflame tensions with the Albanese government.
The mining giant announced the suspension late on Thursday and foreshadowed an underlying full-year loss on nickel of $450 million. It blamed a global oversupply of nickel that has stemmed from Chinese-backed producers mining in Indonesia.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
