Hello from the big (and very hot) state!
I’m jumping in to keep you company here on the markets blog for the rest of the day.
As Michael pointed out, the miners are really kicking into gear today.
I have a feeling this might have something to do with a few government announcements in the last couple of days.
On Friday, the federal resources minister, Madeleine King, announced an update to the critical minerals list.
It was only in December that the government updated the list after months of submissions and feedback from industry and stakeholders.
At the time many had been calling for commodities like nickel and copper to be added to list.
They weren’t.
But since then, nickel businesses have been facing some serious headwinds with the spot price tumbling, a number of mine closure (and job losses) have been announced.
The industry had been in crisis talks with the federal and WA…
