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Mine, smelter shutdown, ore export ban may support Nickel prices

Posted on 07 October 2013

A possible significant reduction in nickel, nickel ore supply caused by shutdown of mine(s), smelters and a ban on nickel ore exports by the Indonesian governemnt are expected to support the commodity prices later this year and in the early 2014. However, persisting concerns over the health of the global economy are likely to limit a significant up-tick in the commodity prices.
Last week, Votorantim stated that it was shutting down its 19Kty nickel matte Fortaleza smelter in Brazil due to weak nickel prices. The facility is expected close its operations in November 2013 with no current expectation of a re-open date………………………………………..Full Article: Source


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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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