Anglo American Chasing Vale, Norilsk in Nickel as Steelmaker Demand Gains

Apr. 28, 2011 05:13AM PST

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.

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