Nickel market to see supply tightness starting in 2014: Western Areas CFO
“NPI is already a high cost method of nickel production, and domestic economic forces in China will further adversely impact the economics of maintaining such production,” Belladonna said.
With electricity accounting for around 25-75% of NPI production costs and labor costs rising, as are Indonesian ore export taxes, costs could be put under further pressure, which Belladonna said would benefit the outlook for Australian nickel sulphide concentrate supplies in global markets.
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