06.03.2012 - Nickel outlook not very positive: MEPS
After a horrendous 2011, Nickel pices may yet be in the red for 2012, a new report by UK based MEPS suggets. MEPS is a leading independent supplier of steel market information. New mining projects in Australia, Brazil, New Caledonia and Madagascar could add more than 100,000 tonnes to global nickel production in 2012, tipping the market in yet another surplus year, MEPS said while also adding that production will continue to outstrip consumption atleast till 2014...............................................Full Article: Source
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