Study Group Says Nickel Production Exceeded Demand in November

Bloomberg reported that according to the International Nickel Study Group, refined nickel production went up to 153,100 metric tons in November of last year, despite the demand only at 142,600 tons.

As quoted in the market news:

For the 11 months last year, production was 1.574 million tons compared with demand of 1.506 million tons, for a surplus of 68,000 tons, according to the figures. In the same period in 2011, output was 1.47 million tons compared with demand of 1.478 million tons, for a shortage of 8,000 tons, the data show.

Click here to read the full Bloomberg 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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