News Bites - (Thomson Financial) "International Ferro Metals Ltd...

News Bites - (Thomson Financial) "International Ferro Metals Ltd said it expects ferrochrome sales of 58,000 tonnes for the period to June 30 ahead of an earlier internal forecast of 15,100 tonnes. IFM said it continues to ramp up production at its integrated production facility in South Africa, where it plans to reach full capacity by July 2007 to produce 267,000 tonnes of saleable ferrochrome a year." - (Dow Jones) - "The tight nickel market could see pressures increase further in the years ahead if India's burgeoning economy increases its use of the key stainless steelmaking ingredient, the chief financial officer of Brazilian miner Companhia Vale do Rio Doce, or CVRD, said Thursday." - (Dow Jones) - "The China-based Yunnan Tin Group, the world's largest tin producer, has made another foray into the Australian resources sector and taken a stake in nickel hopeful Metallica Minerals Ltd." - China - Chinese officials announced today, only 30 companies meet qualifications to apply for molybdenum export licenses. China is taking increasing steps to slow down the export of its mineral resources.

Brazil, India, Korea, China, Japan...thank the lord for their booming Nickel demand.Just wait to Brazil really starts to kick in over time.
Me, well MCR is my retirement fund.
Back to sweet dreams.