Nickel Rises Most in Two Weeks on Colombia Supply Concern By...

Nickel Rises Most in Two Weeks on Colombia Supply Concern

By Luzi Ann Javier Nov 12, 2014 7:16 AM GMT+1000

Nickel rose the most in two weeks as workers at a BHP Billiton Plc. mine in Colombia threatened to go on strike, spurring supply concerns.
Employees opposing the extension of work shift to 12 hours from eight hours may walk out if the Colombia ministry of labor does not intervene, the union said yesterday. A nickel supply deficit may widen to as much as 107,000 metric tons next year after Indonesia banned shipments of unprocessed ores in January, according to Bloomberg Intelligence analysts Oliver Nugent and Kenneth Hoffman.
The metal climbed “due to labor unrest at some mine facilities,” Michael Turek, a senior director at Societe Generale’s Newedge Group in New York, said in an e-mail.

Love to see the BFS conclusions with the attention Nickel has gained over the last 12 months. The next 12 months is looking the same as all estimates tend to a holding or strengthening in both spot Ni and DSO.