Western Areas expects higher nickel concentrate prices in new offtake deal
Australia’s Western Areas expects higher prices for the nickel concentrate it is offering after its current offtake deal expires in December, given tight global supply and strong interest from China despite that country’s credit crisis.
The miner is seeking new customers ahead of the expiration of its 26,000-mt offtake deal with China’s Jinchuan Group. Under that agreement, Western Acres shipped about 13,000 mt/year of concentrate in half-height containers from Esperance port to Xinjiang port.
Read more at: http://www.platts.com/latest-news/metals/melbourne/western-areas-expects-higher-nickel-concentrate-27497202
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