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Strong 3-6 months for nickel, then supply growth to hit; iron ore outlook positive

Posted on 05 October 2010

From Mineweb.co.za: Macquarie Bank’s China Commodities reserach team has come back from two major specialised conferences last week with the feeling that short term prospects for nickel remain bullish, but as new supply ramps up, the medium term outlook is perhaps not so favourable. On iron ore, the Macquarie analysts felt that the immediate outlook remained positive.
Given the slow ramp-up of new nickel projects coming next year and the strong recovery of stainless steel production worldwide, especially in the Asia market, near term prospects for the alloying metal remain positive, but there are serious concerns about the substantial rise in nickel supply from the western world from 2H11 onwards……………………………………….Full Article: Source


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