BHP to suspend Australia nickel operations amid Indonesia-fed glut
SYDNEY -- Australian mining giant BHP will suspend its domestic nickel operations, including the country's only smelter for the key battery metal, from October.
A statement to shareholders on Thursday said the decision was due to a global oversupply that has crashed nickel prices over the past year. The glut has been driven by a surge in production from Indonesia, where many operations are bankrolled by Chinese investors.
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