Tough start to 2016 for Aussie nickel miners to continue
It’s been a rough start to 2016 for Australian nickel producers with low prices, job cuts and mine closures across the nation.
At the current price of just US$3.86 a pound, 70% of the nation’s nickel producers are making a loss.
This week alone, there have been redundancies in Western Australia’s Kambalda region and Queensland Nickel, which includes the Yabulu refinery, was placed into administration.
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