“The suspension of its nickel operations comes as little surprise, given the previous impairment charge taken against the operations and the ongoing decline in global nickel market fundamentals, driven by the surge of low-cost Indonesian nickel supply that has come to market in the last two years,” Raymond said.

“The earnings and valuation impact from these suspensions is minimal, given the low level of profitability we forecast for BHP’s West Australian Nickel segment.

“We maintain our ADD rating with no change to our positive long-term investment view,” Raymond said

BHP.ASX

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