Nickel price to average $20,000 mt in 2015 on ore supply tightness: analyst

“Prices will average around the $20,000/mt level due mainly to the Indonesian nickel ore ban and an expected shortfall in supply in early 2015,” Alto Capital research analyst Carey Smith said Friday. The average price for 2014 is expected to be $18,000/mt.

Around six to 10 nickel pig iron plants were currently waiting for approval in Indonesia, Smith said, adding that he did not, however, expect all the projects to go ahead. The earliest the plants will come online will be the end of 2015, he said.

Read more at: http://www.platts.com/latest-news/metals/melbourne/nickel-price-to-average-20000-mt-in-2015-on-ore-26890518

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s