Nickel Market Misunderstood, Restocking Likely

Platts reported Citigroup says the global nickel market is basically misunderstood with consumer restocking likely to lift prices in the first quarter of 2013.

As quoted in the market news:

The bank said nickel prices had suffered this year due to a “fundamental” misunderstanding that suggests a significant surplus of new production coming on stream.

But it said this forecast surplus is unlikely to appear in the near-term.

Click here to read the full Platts report.

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Equitas Resources (TSXV:EQT; FSE:T6UN) is one of the first junior resource companies in the last 20 years to hold such a large, consolidated land package in the Voisey’s Bay district. With a first-class, experienced team of professionals skilled in raising capital and managing successful exploration projects Equitas Resources has a tight share structure on early stage of nickel focused exploration. Learn more about this world class deposit.

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