Analysts doubt Norilsk Nickel forecast about decline in nickel production in China
Edited by Rhod Mackenzie / 2013-06-28 09:23:26
A. Khalikov, the analyst of Veles Capital IK
Under the evaluation of Norilsk Nickel, in the future China will reduce nickel production due to low price for the metal. Since the beginning of 2013, nickel price fell by 19%, and stored reserves at LME increased by 34%. It has led to zero profitability of over 40% of producers in China, and non-profitability of 20%.
