Australian Prime Minister Anthony Albanese (C), Japanese Prime Minister Fumio Kishida—and BHP CEO Mike Henry (R)—hold jars of nickel sulphate during a visit to the BHP Nickel West Kwinana Nickel Refinery in Perth, Australia on Oct. 22, 2022. (Richard Wainwright - Pool/Getty Images)Australia’s nickel industry is in danger of collapse as Indonesia—with Beijing’s support—ramps up supply, causing prices to fall sharply. The situation has forced mining giant BHP to write down the value of its nickel business to zero, warning that a

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