Australia billionaire spends big on nickel even as glut worries persist

Posted on May 3, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

SYDNEY, May 3 (Reuters) – Australian mining magnate Clive Palmer is joining
Vale, Xstrata and other sector heavyweights pouring money into nickel despite a
dire near-term outlook for demand, as they plough on with projects bought on the
cheap or as part of corporate takeovers.

http://www.reuters.com/article/2013/05/02/australia-nickel-idUSL3N0D67I220130502