Noront Resources Ltd. V.NOT

Nickel seen rising over 50,000 usd/ton China

[u308gold]

Nickel price seen rising over 50,000 usd/ton soon; China demand strong - Numis BEIJING (XFN-ASIA) - Nickel prices look likely to exceed 50,000 usd per ton in the coming days or weeks on strong global stainless steel production, particularly in China, with nickel supply struggling to match consumption, Numis Securities said. Global prices for nickel surged last week as inventory levels fell to near all-time low levels. Inventory levels have since recovered as new metal has come to the LME (London Metal Exchange) attracted by higher LME price levels. The nickel market has substantially less liquidity than copper or aluminium, giving it the potential for greater volatility, the note added. https://www.forbes.com/markets/feeds/afx/2007/05/25/afx3757701.html