HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Antaike sees nickel smashing $12,000 per tonne barrier

Antaike sees nickel smashing $12,000 per tonne barrier

 
BUZZ-Antaike sees nickel smashing $12,000 per tonne barrier:BUZZ-Antaike sees nickel smashing $12,000 per tonne barrier
Reuters | Aug 30, 2017, 16:10 IST
 

BEIJING, Aug 30 (Reuters) - Nickel futures will break through the $12,000 per tonne barrier next month amid robust demand and limited new supply in the short term, China's research body Antaike forecast on Wednesday.

* China's Jinchuan Group will produce 10,000 tonnes less nickel this year because of raw material problems, it said

* Chinese nickel inventories have fallen from nearly 200,000 tonnes at the start of 2017 to 130,000 tonnes now

* Nickel pig iron and stainless steel stocks are also being drawn down, which will provide strong support for nickel prices

* Rapid growth in lithium-ion batteries is "quietly changing" the global nickel supply structure, while nickel sulfate is another "star product" of the future

* Clampdown on road freight at Tianjin and Tangshan ports will increase nickel ore transportation costs

* Three-month LME nickel was trading at $11,675 per tonne at 1035 GMT on Wednesday, up 0.3 percent (Reporting by Tom Daly)

 

 

 

 
 

http://timesofindia.indiatimes.com/business/international-business/antaike-sees-nickel-smashing-12000-per-tonne-barrier/articleshow/60292193.cms

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