Nickel price rally still has a long way to go
Filipino supply worries, depleting Chinese stocks and Indonesian refinery delays could see nickel rise close to $30,000 a tonne.
Filipino supply worries, depleting Chinese stocks and Indonesian refinery delays could see nickel rise close to $30,000 a tonne.
Nickel prices have surged this year, making rationalization and cost-cutting in the Sudbury basin less urgent.
Commodity funds & investors have bid up zinc prices, anticipating tightening supplies over the next three- four years — with mine supplies not keeping pace with demand growth
Mines in Australia and Dominican Republic put on care and maintenance and Canadian operations' reserves depleted during first half of the year.
Philippines and New Caledonia can't supply enough laterite nickel ore to China.
After over three weeks of being suspended over a chemical spill into a local river into a local river that killed about 1,000 fish.
Angry rioters attacked the nickel facility, which has been closed since early May after an estimated 100,000 litres of acid-tainted effluent polluted a nearby creek.
Vale claims water quality at the creek is back to normal.
Nickel prices are up by almost a third since the start of the year. That looks premature at best and, at worst, overdone says new report.