Production of Nickel in the current year could exceed demand at 60,000 tonnes

At a meeting in

The Lisbon meeting of the International Nickel Study

Group (international research

study group for Nickel), analysts

suggested a high probability

excess reserves of Nickel in 2011. They

opinion worldwide production (over

through the introduction of market operators new

production capacity) can

to meet this year 1.6 million tons, then

as the volumes consumed, according to

the preliminary analysis will be

the order of 1.54 million tons. However, the absolute

confidence in the specialists there,

because the situation in large

extent it can influence political

the imbalance in the countries of the Middle East

and North Africa. In addition, a significant

changes in the development of events

to make a natural disaster

in March 2011 in Japan.

Also at the meeting was

dubbed the trend behavior of prices on

Nickel over the past 18 months. According to

the report of the analysts, in the first half

last year was clearly

to trace all signs of recovery

industry, because the needs

stainless metal (and as a consequence

and alloying elements) in most

countries began to grow rapidly.

This was due to the rise in prices

Nickel production (1.44 million

tons) did not meet

existing needs (1.47 million tons).