It's a roller coaster commodity: peaks that can draw prime ministers and billionaires to town, but troughs that could make your stomach drop. So, can Australia hang on for the ride?
When miners first struck nickel in Western Australia's dusty outback in the late 1960s, it kickstarted a rollercoaster ride that brought the likes of Harold Holt and Andrew Forrest to town.
"Some of the major gold mines around the area, if they are looking for experienced mining personnel, there is no better time to … recruit some of these guys that are doing it tough," he said. But he said the most recent announcement by BHP that it was considering the future of its Nickel West operations was "very concerning"."Governments state and federally have got all the taxes from these companies when things are going well, but now they have to show some skin in the game – particularly in a downturn like this.
Mr Pearce said this would operate in a similar way to a United States government scheme and would encourage downstream processing – a middle step in the battery manufacturing process.
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