A supply glut of nickel is squeezing Australia out of the market

  • 📰 abc730
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Trusted and independent source of local, national and world news. In-depth analysis, business, sport, weather and more.

RHIANNON SHINE, REPORTER: We’re on our way to Australia’s nickel heartland - Kambalda, just south of Kalgoorlie in WA’s Goldfields.

RHIANNON SHINE: When they first started digging nickel out of the ground around here in the late ‘60s, it was mostly used to produce stainless steel. Recruit some of these guys that are doing it tough because I’m sure they’ve got kids in the school and their wives are in town working and there will probably be a little bit, a bit of nervous tension around.

NICKEL INVESTOR: We’ve put a lot of money, a lot of investment into the ground, and then, we've pretty much, with the change of circumstances this year, we have to change focus a bit now and pretty much all that money that we’ve spent, we are not sure what value we are going to get out of it now. WARREN PEARCE: But I am differentiating between mining and mining and chemical processing. Ultimately, we’re not seeking support for the mining operations, we are seeking support for the processing piece.

RHIANNON SHINE: The Federal Government is also vowing to ramp up its marketing of Australian nickel as a greener alternative to the cheaper Indonesian product.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Drugs, guns, corruption: Australia paid suspect companies to run offshore detentionFormer ASIO boss finds Home Affairs failed to conduct adequate due diligence when issuing contracts that saw public money paid to suspected criminals and corrupt officials.
Source: brisbanetimes - 🏆 13. / 67 Read more »

Drugs, guns, corruption: Australia paid suspect companies to run offshore detentionFormer ASIO boss finds Home Affairs failed to conduct adequate due diligence when issuing contracts that saw public money paid to suspected criminals and corrupt officials.
Source: theage - 🏆 8. / 77 Read more »