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Free Nickel newsletter 24 April 2006
Inco forecasts 10,000 mt global nickel deficit in 2006 Source: Platts
Books Find books on Nickel ► See also Nickel Board Nickel CatalogCanadian integrated mining group Inco has forecast a 10,000 mt worldwide deficit of nickel in 2006 compared with an 11,000 mt surplus in 2005 and a 6,000 mt surplus in 2004.
Speaking at Inco's first-quarter earnings conference call for analysts this week, Peter Goudie, Inco's executive vice president of marketing, said there was more than speculation to firmer nickel prices, noting that it was the third time in three years that nickel had risen above $17,000/mt.
He estimated world production and supply at 1.339 million mt in 2006 and world demand at 1.349 million mt compared with 2005 production/supply of 1.289 million mt and demand of 1.278 million mt.
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