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Norilsk Nickel Says Nickel Will Average $20,000 a Ton
Mar. 29, 2012 02:42PM PST
Base Metals Investing Reuters reported Norilsk Nickel (LSE:MNOD) says global average nickel prices this year will be slightly less than $20,000 per metric ton.
Reuters reported Norilsk Nickel (LSE:MNOD) says global average nickel prices this year will be slightly less than $20,000 per metric ton.
As quoted in the market news:
The Arctic miner, the world’s largest producer of nickel and palladium, added that at current prices below $18,000 per metric ton some 5 percent of global production is unprofitable.
About 8 percent of global capacity is at risk, said Sprogis.
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