india needs nickel too

Nickel demand is not going to drop. The nickel price is not going to go back to 25k. AGM is perfectly positioned to cash in on these factors and it has brilliant management and probably more nickel to be found. Breaking news:

NEW DELHI (Reuters) - India's largest stainless steel maker, Jindal Stainless Ltd., expects its monthly nickel consumption to double to more than 1,600 tonnes when a new plant starts operation in three years, a top company official said.

Jindal, which runs a 600,000 tonnes a year plant at Hissar in Haryana, is building a new factory in Orissa that will make 800,000 tonnes of stainless steel when it begins production in 2009/10.

"Our total nickel requirement now is about 800 to 900 tonnes per month," V.S. Jain, managing director of Jindal Stainless, told Reuters in an interview on Friday.

"When we produce another 800,000 tonnes of stainless steel, our nickel consumption would double," he said, adding the projection was based on its product mix remaining the same.