Nickel

The Sydney Morning Herald reports that MMG will test the nickel industry’s appetite with the sale of its mothballed Avebury mine on the west coast of Tasmania.

The Sydney Morning Herald reports that MMG will test the nickel industry’s appetite with the sale of its mothballed Avebury mine on the west coast of Tasmania.

The market news is quoted as saying,

While it could well find a buyer, the potential sale comes at a difficult time in the nickel industry because of the rise and rise of the Chinese nickel pig-iron industry, one in which low-grade nickel ore with high iron content from the Philippines is processed to produce two revenue streams.

For the complete market news, click here.

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