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المشهد العربي
BHP sells Australian nickel plant
BHP Group's mining division plans to sell its nickel refining facility in the Cameldah region of Western Australia to Gold Fields, without disclosing the deal's value. The plant's operations were halted in mid-2024 due to a decline in nickel prices resulting from oversupply and market excess. The company is currently conducting a comprehensive review of its nickel sector’s performance, with a final decision regarding the remaining assets expected by February. Previously, the company wrote down the value of its nickel assets by $2.5 billion in 2024, citing declining prices driven by an abundance of battery metal supplies.
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