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Reuters reported that according to that David Pathe, CEO of Sherritt International Corp. (TSX:S), the price of nickel should rise over the next year as factors like the Indonesian export ban reduce supply.
Reuters reported that according to David Pathe, CEO of Sherritt International Corp. (TSX:S), the price of nickel should rise over the next year as factors like the Indonesian export ban reduce supply.
Pathe made that statement after his company posted a loss for 2014′s third quarter.
As quoted in the market news:
CEO David Pathe expects the market to change over the next year, helped by a sustained ban on ore exports from the world’s top nickel supplier, Indonesia.
‘We think there is quite a compelling case to be made that the nickel market is going to move over the course of next year, from a period of several years of sustained surpluses of supply to potentially a period of years of supply deficit,’ Pathe said.
‘The Indonesian government reiterated its commitment to the ore ban just a couple of weeks ago at a nickel conference in Jakarta.’