The good luck for BHP is that only about 40 to 45 percent of existing nickel mine supply is suitable for processing into a battery-grade chemical product.
Minerals Council of Australia’s pre-Budget submission warns that every year Budget repair is delayed puts Australia closer to the risk of an economic shock.
The Bougainville government has imposed an indefinite moratorium on mining at the controversial Panguna site — once the world's biggest open-pit copper mine.
Liberty House is the industrial arm of British steel tycoon Sanjeev Gupta's GFG Alliance and Rio's aluminium smelter in Dunkirk, France, is the largest in Europe.
The mine could supply up to 10% of world demand for neodymium and praseodymium, used in the manufacture of magnets for wind turbines, and electric vehicles.
The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.