Mr Adrian Gardner associate consultant for the Brook Hunt unit of Wood Mackenzie forecasts that with stainless steel output crashing worldwide this year, demand for key alloy nickel is sliding and its world price will average USD 5.10 per pound, a 47% drop from USD 9.57 in 2008. For full story, click here
With stainless steel production crashing worldwide this year, demand for key alloy nickel is sliding and its world price will average $5.10/lb, a 47% dip from $9.57 in 2008. For full story, click here
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. For full story, [...]
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