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Likely Rio Tinto, BHP Billiton production cuts may wipe out Nickel, Aluminium surplus: Barclays

Posted on 28 January 2013

Nickel and aluminium markets have been in surplus for some time on account of production indiscipline, but the forecasted surplus for 2013 may be wiped away on account of potential write downs Rio Tinto and BHP Billiton, according to Barclays Research.
Both Rio Tinto and BHP Billiton have been impacted by high costs and lower prices. In the event of a write down on nickel assets at BHP Billiton, it will wipe out 43 kt of surplus, Barclays said………………………………………..Full Article: Source


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