Andrew Forrest-owned nickel miner Wyloo says “courageous, big-thinking policy” is needed to save the industry

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The chief executive of nickel miner Wyloo, Luca Giacovazzi, has welcomed government relief measures but indicated they fall short of the vision needed to save the sector.

Wyloo chief executive Luca Giacovazzi has called for more policy vision to save the nickel sector in Australia.Perth-headquartered Wyloo and other big players in nickel and lithium are maintaining calls for a production tax credit of at least 10 per cent to reduce costs and spur investment in downstream processing of battery and strategically important minerals.

They are also frustrated that the Federal and WA governments took so long to act, finally spurred into action when BHP confirmed to the market that itsThe Albanese government added nickel to its critical minerals list on Friday and the WA government announced a 50 per cent royalty discount over 18 months.

“We can be more than a dig-and-ship economy, and we shouldn’t let this once-in-a-generation opportunity pass us by.”Speaking after crisis meetings with nickel and lithium producers in Perth on January 24, Ms King said she would accelerate talks with Treasury officials about a production tax credit and how it would apply.

“We will continue to collaborate with both levels of government to develop policies that will help rebuild Australia’s nickel sector and incentivise the development of a resilient, value-additive downstream industry,” he said.

 

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