As prices plummet, what's the future of Australia's nickel sector? | The Business | ABC News

Prices for nickel are down more than 40 per cent in the past 12 months as Indonesia continues to flood the market with supply. There's been huge domestic investment into nickel, but it hasn't paid off because Indonesia, with the help of China, has been building production for at least a decade and can produce low grade nickel at a low cost. Subscribe: http://ab.co/1svxLVE
Independent analyst Peter Strachan says Australian miners have been caught out and don't deserve government support.

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