re: nickle to rise - china good news
Weekend Conference report in China is an excellent background paper by the President of the Nickel Institute, on Ni and provides clear, concise sound basis for Ni upside with China. - recommended reading at http://www.nickelinstitute.org/index.cfm/ci_id/12953.htm. SNIPPETS include
Reviewer ..... “May 21, 2004 -- The future pattern of nickel use in China should be expected to be very similar to that in the rest of the developed world, argues Dr. Ivor Kirman, President of the Nickel Institute.
In his presentation: "The Changing Pattern and Outlook for Nickel use in China" at the "China Nickel Outlook 2004" conference in Shanghai today, Dr. Kirman summarised the current pattern of nickel use outside of China. He provided examples of nickel products that are critical to many aspects of modern society and made the point that these products are just as important to China as they are to other parts of the world.
Total use of nickel in products in China is already very large - much larger than is apparent from statistics of Chinese use of primary nickel.”
And from his paper .... “In summary: Will Chinese nickel use continue to increase? Yes – assuming there are no serious setbacks with the Chinese economy or with the wider global economy of which China is now a vital part. The pattern of nickel use in China will probably be very similar to the pattern seen in other modern economies. Will there be some substitution in China of nickel products with nickel-free or low nickel content products?
Yes – but probably not much. Will such substitution be reversed when nickel prices get back closer to long-term trend?
Too early to say – it depends on experience gained with substitutes. If the substitutes are seen as lower quality, lower performance products, then the substitution will probably be reversed quickly. In the event that the substitutes perform well and deliver real advantages to the end users, then we might see these alloys growing as an established part of the global market. In as much as many potential substitutes do contain some nickel, they could well represent a valuable extension of nickel use, competing vigorously against coated steels for markets. Is China different? In many ways yes. But probably not in the key factors that determine nickel use.”
Cheers I hold MCR Please do your own research and avoid my mistakes - Up2U
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