Queensland Pacific Metals is the latest Australian metal company impacted by falling nickel prices. (Nikkei montage/Photos by Reuters and company)
SYDNEY– A company that had planned to process imported nickel ore in Australia to supply the electric vehicle industry says it is switching its focus to gas in response to slumping battery metal prices.
Queensland Pacific Metals (QPM) has been working to build the Townsville Energy Chemicals Hub (TECH Project), a facility meant to process imported laterite ore from New Caledonia to produce nickel sulfate and cobalt sulfate.
