Australian battery metal company shifts to gas amid nickel slump

Queensland Pacific Metals plans to process nickel domestically on back burner

20240424 Queensland pacific metals

Queensland Pacific Metals is the latest Australian metal company impacted by falling nickel prices. (FIle photo by Reuters)

SHAUN TURTON, Nikkei staff writer

SYDNEY-- A company that had planned to process imported nickel ore in Australia to supply the electric vehicle industry says it is switching its focus to gas in response to slumping battery metal prices.

Queensland Pacific Metals (QPM) has been working to build the Townsville Energy Chemicals Hub (TECH Project), a facility meant to process imported laterite ore from New Caledonia to produce nickel sulfate and cobalt sulfate.

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