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    market news

    A Surplus of Nickel Is Likely

    Investing News Network
    Apr. 12, 2012 06:58PM PST
    Base Metals Investing

    Platts reported BNP Paribas said a sustained nickel surplus is still predicted, but no longer guaranteed.

    Platts reported  BNP Paribas said a sustained nickel surplus is still predicted, but no longer guaranteed.

    As quoted in the market news:

    It added that a number of factors could undermine the development of a significant surplus.

    BNP Paribas notes that research consultancy Brook Hunt estimates that over 10% of nickel production is cash negative when LME nickel prices trend below $18,000 mt.

    The bank said that if prices remain rangebound at this level it could trigger significant production cutbacks.

    Click here to read the full Platts report.

    nickel surpluslme nickelmarket newsbnp paribas
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