A Blog for Browsing Mining, Mineral Processing, and Metals Info

Jakarta. Nickel will probably advance next year as Indonesia’s ban on ore exports boosts processing costs and the global market shifts to a deficit, according to Jim Lennon, a senior consultant to Macquarie Group.

“We are not going to see a $50,000 price [like] we saw in 2007, but certainly I think the price direction will be up based on the movement of the market into deficit next year and higher processing costs,” Lennon told a conference in Jakarta.

Read more at: http://www.thejakartaglobe.com/business/nickel-advance-2015-shift-deficit/