BHP ( $BHP Group Ltd (BHP.AU)$ ) has finally pulled the plug...

BHP ( $BHP Group Ltd(BHP.AU)$ ) has finally pulled the plug for its loss-making Nickel West operations in Western Australia after sinking US$3 billion into the venture over the past four years.
Downward spiraling nickel prices have caused a major crisis among WA-based miners and developers. In the past year alone, we have witnessed:
IGO (ASX: $IGO Ltd(IGO.AU)$ ) report a billion-dollar impairment of its Western Areas assets (acquired in December 2021 for $1.26 billion)
Panoramic Resources (ASX: $Panoramic Resources Ltd(PAN.AU)$ ) was put into administration in late 2023 amid rising costs, machine failures and bad weather
Poseidon Nickel (ASX: POS) continued to defer the restart of its Black Swan project