BHP warns Australian mining not ready for low-cost competitors
The boom in demand from China’s industrialization is now “past the period of aggressive growth,” BHP’s Australia President said.
Atlantic Nickel, a miner backed by British private equity fund Appian, will invest $335 million starting in 2026 to build an underground nickel sulphide mine in Brazil’s Bahia state, the company said on Monday.
The investment is focused on the emerging electric batteries market and should consolidate Atlantic Nickel as one of the largest suppliers of nickel sulphide in the world.
(By Roberto Samora; Editing by Sandra Maler)
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