Pacific Metals Will Increase Nickel Production

Bloomberg reported Pacific Metals Co. (TYO:5541)  said it will increase ferro-nickel production by 21 percent this year after an earthquake and tsunami disrupted production in 2011.

As quoted in the market news:

Output will rise to 34,800 metric tons in the year that started on April 1 from 28,700 tons a year earlier, Kosuke Naradate, a company spokesman, said by phone today. The Hachinohe plant in Aomori prefecture, northern Japan, has an annual capacity equivalent to 44,000 tons of refined nickel, according to the company.

Click here to read the full Bloomberg report.