Mincor CEO sees strong nickel market in 2015 on uptick in global economy

Gold Coast, Queensland (Platts)–1Oct2014/147 am EDT/547 GMT

Australian nickel producer Mincor Resources expects the nickel market to perform strongly in 2015 and move back above the $20,000/mt level as demand is boosted by a booming US economy and a stock drawdown in China, company CEO David Moore told a conference in Queensland Wednesday, October 1.

The LME nickel price stood at $16,505/mt Tuesday, but has largely traded in the range of $18,200-20,000/mt since Indonesia imposed a ban on nickel laterite ore exports in January, hitting a year-to-date peak of $21,500/mt in early May, LME data showed.

Read more at: http://www.platts.com/latest-news/metals/goldcoast-queensland/mincor-ceo-sees-strong-nickel-market-in-2015-27682506

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