Five to buy
BHP Group
Chronically weak nickel prices are complicating the mining industry’s pivot towards the energy-transition metals. An ongoing supply glut of electric-vehicle battery component nickel from Indonesia recently forced a $2.5bn impairment charge on BHP’s Western Australia nickel operations, with management even considering mothballing production. Still, nickel is only a small part of the group’s metals portfolio, with resilient iron ore and copper prices helping lift performance in the second half of last year; the
