Price for nickel cathode will be an average $10.50/lb tin 2008, compared with $17.38 in 2007. In 2009, the new consensus average is seen averaging $6/lb.
Stephen Williams, MD stainless steel materials, BHP Billiton, said:
Niickel surplus could reach 22.7 million tons this year and rise to 47.4 million metric tons next year.
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