Talvi Cuts Annual Nickel Production

Reuters reported Talvivaara (LSE:TALV) cut its annual nickel production target for the second time this year, making the task of returning its mine to profitability even tougher.

As quoted in the market news:

Talvivaara shares fell more than 6 percent on Monday after the company said it would miss its nickel output target of 17,000 tonnes this year, as heavy rainfall had diluted its leach solution.

It had last cut its target in August, saying it was unlikely to meet its original forecast of 25,000-30,000 tonnes.

Click here to read the full Reuters report.