Several projects may be delayed as they have become unprofitable due to reducing prices, but this could cause future supply tightness and push prices up again, feel industry sources.

Dale Rogers, managing director of Albidon, said:

With nickel down at $4.5 ($9,921/t) or $5 ($11,023/t) per pound some 40 odd percent of the world's nickel suppliers are under water and losing money.

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