Norilsk Nickel anticipates nickel price growth and deficit
Edited by Rhod Mackenzie / 2015-04-01 07:51:03
GMK “Norilsk Nickel” states that nickel price hit the bottom. It is optimistic about its dynamics, as Indonesia is about to maintain nickel export ban without any changes. Ore resources with high and average nickel content went down from 30 to 10 million tons in China last year. It is enough for 3 months at the current level of consumption.
Despite the fact that the output of crude ferronickel went down by 20 thousand tons in 2014 year-on-year, GMK anticipates reduction by 120 thousand tons this year.
