🌟 [ 42 ]   Australias nickel sector is in crisis. How long will it last? | The Business [ @ABC News (Australia) ]

The nickel industry is in a growing crisis, with pressure building on federal and state governments to do more to keep what remains of the $4 billion sector afloat. 00:00 - Business reporter Rachel Pupazzoni s story on Australia s nick sector 02:38 - BHP CEO Mike Henry interview 08:33 - Future of iron ore Subscribe: [ 🔗 Click ‼️ ] Read more here: [ 🔗 Click ‼️ ] BHP CEO Mike Henry has told The Business Kirsten Aiken the local nickel industry may not recover until 2030 and BHP is actively considering how to reduce costs. The world s biggest miner is working to resolve the futures of thousands of nickel workers in Western Australia. BHP has reported its worst half-year profit in eight years, after writing billions of dollars off the value of its Australian nickel divison, while facing mounting costs from the Samarco dam disaster in Brazil. ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It s news when you want it, from Australia s most trusted news organisation. For more from ABC News, click here: [ 🔗 Click ‼️ ] Watch more ABC News content ad-free on ABC iview: [ 🔗 Click ‼️ ] Go deeper on our ABC News In-depth channel: [ 🔗 Click ‼️ ] Like ABC News on Facebook: [ 🔗 Click ‼️ ] Follow ABC News on Instagram: [ 🔗 Click ‼️ ] Follow ABC News on Twitter: [ 🔗 Click ‼️ ] Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia

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