Canadian Miner Closes Nickel Mine in Australia Costing 330 Jobs

Canadian miner First Quantum Minerals is set to close its Ravensthorpe Nickel Operation (RNO) in Western Australia, costing 330 jobs. Nickel is a key component of lithium-ion batteries for electric vehicles (EV) and is also used in stainless steel production. First Quantum Minerals is listed on the Toronto Stock Exchange and its share price fell nearly 4 percent on April 29. The company cited operational and financial losses, along with declining nickel price forecasts as the reason for the closure. The company also confirmed more than 330 jobs would be...