Nickel, lead, zinc and tin all ended a strong week on a strong note. Nickel climbed by 3.3% on Friday and by over 16% for the week, helped by the news that Vale is to shut down its Sudbury nickel operations in Canada (8% of world nickel supply) for a period of eight weeks, from 1 June to 27 July, following maintenance work in May (it also has labour contracts up for renewal in May). Vale also announced a delay in commissioning its Onca Puma nickel project in Brazil, previously scheduled to come on-stream in January 2010, by ‘at least' one year on delayed environmental permitting.
Nickel, lead, zinc and tin all ended a strong week on a strong...
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