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Nickel Pig-Iron Output in China Seen Surging in Challenge to Refined Metal
Jun. 09, 2011 09:39AM PST
Base Metals Investing Bloomberg reports that nickel pig-iron output in China may surge 50 percent this year, possibly curbing demand for the refined product.
Bloomberg reports that nickel pig-iron output in China may surge 50 percent this year, possibly curbing demand for the refined product.
The market news is quoted as saying,
Production of the low-cost substitute for refined nickel may be 240,000 metric tons in 2011 compared with 160,000 tons in 2010, according to Xu Aidong, senior nickel analyst at Beijing Antaike Information Development Co. Output in China in April was 25,000 tons compared with the average of 20,000 tons per month in January to March, said Xu.