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    market news

    Australian Miners Threatened by Low Nickel Prices

    Charlotte McLeod
    Jun. 18, 2013 10:35AM PST
    Base Metals Investing

    ABC reported that independent analyst Tim Treadgold believes that nickel mines in Australia’s Goldfields-Esperence region may have to close if the metal’s price does not improve.

    ABC reported that independent analyst Tim Treadgold believes that nickel mines in Australia’s Goldfields-Esperence region may have to close if the metal’s price does not improve.

    As quoted in the market news:

    ‘The people who might survive in the long run are the high grade mines run by independents and Mincore,’ he said.

    ‘Their saving grace is they have very high-grade ore but Minara and Ravensthorpe must be feeling the pressure.

    ‘Some of the older mines around Kambalda, I think a couple have already closed, the old WAMC mine which opened and then closed again.

    Click here to read the full ABC report.

    australiamarket news
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