Australia adds nickel to critical minerals list amid price slump

The decision opens the door to more government support for the struggling sector

20240216 AUSTRALIA NICKEL MINE

Demand for nickel and other battery metals has fallen victim to a slower-than-expected adoption of electric vehicles. © Reuters

SHAUN TURTON, Nikkei staff writer

SYDNEY -- Australia has placed nickel on its Critical Minerals List in a bid to provide support for producers of the battery metal that are struggling with a sustained downturn in prices.

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