Australian Nickel Giants Struggle Against Indonesia's Supply Dominance

Australia's high-priced nickel mining sector, dominated by the firm BHP, faces constraints due to Indonesia's dominance in the supply arena. Additionally, transformative developments moving away from nickel use in batteries have triggered a substantial 40 percent price decrease over the past year, stabilizing around $16,000 per ton.
An uptick in nickel supply from Indonesian producers has triggered their Australian counterparts to succumb to low prices that analysts anticipate will influence the market strategy of the world's leading nickel miner, BHP Group, according to a Reuters report.