Western Areas makes bank on higher nickel prices

Takeover target Western Areas has reported a slight drop in nickel production for the three months to March, on the back of a planned shutdown at its Cosmic Boy concentrator, and due to Covid-19 related productivity issues.

The ASX-listed company produced 3 339 t of nickel in concentrate in the three months under review, down from the 4 025 t produced in the previous quarter. Some 3 412 t of nickel was sold during the March quarter, down from the 4 511 t sold in the previous quarter.