Top nickel producer said to budget for 24% lower price this year

The #Russian company that vies with #Vale as the biggest producer is budgeting for an average of about $9 000 a metric ton in 2016, said two people familiar with the situation.

The figure is 24% lower than the average rate of $11 890 a ton in 2015, and shows #Norilsk is planning for the possibility that prices for the #Nickel will fail to recover after plunging by 47% in the past year to the lowest level since 2003.

Read more at: http://www.mineweb.com/news/base-metals-and-minerals/top-nickel-producer-said-to-budget-for-24-lower-price-this-year/

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