Intierra Resource Intelligence sees modest rise in nickel consumption

Market research and analysis group Intierra Resource Intelligence sees global nickel consumption increasing to about 1.3 million tonnes in calendar 2010, reflecting an expected rapid recovery in consumption in Asia and forecast moderate growth in Europe and North and South America.

On nickel mine production, the Intierra forecaster said that while rapid declines in world nickel prices had made production at some mines uneconomic, the major nickel mines had maintained production from 2008 levels.

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