Australia's Nickel Industry Gears Up to Meet Demand Surge

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Researched by Industrial Info Resources (Sugar Land, Texas)--A rebound in stainless steel consumption and growing demand for electric vehicle batteries have created a wave of activity in the nickel mining industry. Western Australia's greenfield and brownfield projects are expected to play a significant role in meeting future nickel demand.

Industrial Info is tracking 40 nickel-related mining projects in Australia, worth $6.82 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here for detailed project reports.

Click on the image at right for a heat map of active nickel-related mining projects in Australia, from Industrial Info's Geolocator tool.

Western Areas' Odysseus underground nickel mine is under development and expected to be operational by the end of the year. The company also is working on a feasibility study for its New Morning open-pit mine at the Flying Fox operation.

Ardea Resources has accelerated its Kalgoorlie nickel project to a definitive feasibility study, while Oz Minerals is due to complete its West Musgrave nickel project's pre-feasibility study by the third quarter of this year.

Each year, Minara Resources Limited and BHP Nickel West spend millions of dollars on maintenance to keep the Murrin Murrin Nickel Refinery and Kwinana Nickel West Refinery operational.

BHP Group Ltd. (Melbourne, Australia) announced on July 22 it signed a nickel supply agreement with electric vehicle and battery storage system manufacturer Tesla Incorporated (NASDAQ:TSLA) (Palo Alto, California). BHP said it will supply Tesla with nickel from its Nickel West operations.

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