Nickel’s Waning Price Boom Leaves BHP With Unwanted Mines
This article is for subscribers only.
The failure to find a buyer for its Australian nickel business has left BHP Billiton Ltd. with unwanted smelters and pits after the collapse of a price boom.
The metal reached a two-year high on May 13, a day before the world’s biggest miner outlined a plan to sell all or part of the unit. Since then, the price has declined 27 percent.