Australia's nickel sector is in crisis. How long will it last? | The Business | ABC News

The nickel industry is in a growing crisis, with pressure building on federal and state governments to do more to keep what remains of the $4 billion sector afloat.

00:00 - Business reporter Rachel Pupazzoni's story on Australia's nick sector
02:38 - BHP CEO Mike Henry interview
08:33 - Future of iron ore

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BHP CEO Mike Henry has told The Business' Kirsten Aiken the local nickel industry may not recover until 2030 and BHP is actively considering how to reduce costs. The world's biggest miner is working to resolve the futures of thousands of nickel workers in Western Australia. BHP has reported its worst half-year profit in eight years, after writing billions of dollars off the value of its Australian nickel divison, while facing mounting costs from the Samarco dam disaster in Brazil.

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