Russia Would Divert Nickel Sales to China on Sanctions

Posted on April 3, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Nickel from Russia, the world’s second-largest producer of the refined metal, would be shipped toChina in the event of U.S. and European Union trade sanctions, according to a survey by Bloomberg News.

Russian companies selling to Europe and the U.S. would switch to buyers in China, the largest consumer of nickel, said eight out of 12 nickel producers, traders and analysts in the Asia-Pacific region. Punitive measures would increase global prices at least in the short-term, said eight respondents.