The Conversation (0)
Reuters reported Russia’s Norilsk Nickel (LSE:MNOD) expects more nickel producers to cut capacity if prices stay at current low levels.
Reuters reported Russia’s Norilsk Nickel (LSE:MNOD) expects more nickel producers to cut capacity if prices stay at current low levels.
As quoted in the market news:
Some loss-making nickel producers will cut capacity if prices stay near $17,000 per tonne, with Chinese makers of nickel pig iron (NPI), relatively high-cost producers, likely to move most quickly.