BHP Reviewing Nickel Assets to Mitigate Drastic Price Slump
- Nickel West project may get writedown in update next month
- Portfolio reshaped by exiting oil and gas, selling coal mines
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BHP Group Ltd. is considering options for its Australian nickel operation to mitigate the impact of a sharp fall in prices and warned it could be forced to write down the value of the assets, the latest sign of trouble in the green metals sector.
The world’s largest miner said it was assessing market conditions for the key battery material and will update investors next month, along with half-year results.