Analysis

Why BHP’s nickel struggles to match Indonesia’s

A large green premium would be needed to put integrated Australian nickel producers like BHP on par with Indonesian rivals.

Peter Ker and Elouise Fowler

Mar 8, 2024 – 1.19pm

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When the London Metal Exchange rejected calls for a separate pricing index for nickel produced with superior environmental and ethical standards this week, it was a setback with a silver lining for Australian miners.

Resources Minister Madeleine King, BHP chief Mike Henry and Andrew Forrest’s Wyloo Metals have all been banging the drum in pursuit of a “green premium” that would distinguish their Australian products from Indonesian rivals.

Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne.

Elouise Fowler is a journalist for The Australian Financial Review based in the Melbourne office.