Nickel Institute Comments on the Future of Industry in China
By Interfax-China 30 Apr 2007 at 08:24 AM GMT-04:00
SHANGHAI (Interfax-China) -- Executives from the Nickel Institute shared with Interfax their insights on nickel use, the growth of nickel demand in China and the development of the nickel recycling industry.
Stephen Barnett, president of the Nickel Institute, and Peter Cutler, European director of market support and development, visited China last week for an internal meeting and to meet with China's nickel heavyweight, Gansu Jinchuan Group. They hope the Chinese firm will join the organization, and also expressed their opinion that there is plenty of future growth potential for nickel use in China, especially in the drive to create cleaner power stations, as opposed to the more traditional uses such as in engineering works, food and construction industries.
Demand in China will be increased by the growing demand for nickel-hydrogen batteries and aside from its use in the chemical, pharmaceutical and other industries, nickel will also play a significant role in pollution controlling emissions-cleaning equipment and waste water treatment facilities.
As nickel is the seventh most common element on the planet, the Nickel Institute is very optimistic that the metal will continue to be in use globally for the foreseeable future.
With main offices in London and Toronto, the Nickel Institute is a non-profit organization established in 2004 through the merger of two organizations, the Nickel Development Institute (NiDI) and the Nickel Producers Environmental Research Association (NiPERA). It represents the interests of most of the world's major nickel producers, and its members are responsible for 88% of all nickel production worldwide.
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