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Anglo American Chasing Vale, Norilsk in Nickel as Steelmaker Demand Gains
Apr. 28, 2011 05:13AM PST
Base Metals Investing Bloomberg reports that Anglo American Plc (PINK:AAUKY,LON:AAL) aims to more than quadruple nickel output this decade.
Bloomberg reports that Anglo American Plc (PINK:AAUKY,LON:AAL) aims to more than quadruple nickel output this decade.
The market news is quoted as saying,
The London-based company may produce as much as 180,000 metric tons by 2020 as it ramps up output at its Barro Alto project in Brazil and weighs investing another $6 billion in two new ventures in the country, Walter De Simoni, chief executive officer of Anglo’s nickel unit, said yesterday in an interview.