GREY:LBEFF - Post by User
Post by
dellrey6666on Dec 13, 2010 11:58am
471 Views
Post# 17838260
Another BIG Ni Project in the Pipe...
Another BIG Ni Project in the Pipe...Take a look at RNX.....
Longer-term nickel supply and demand fundamentals remain strong and
favorable in the context of the expected Dumont Nickel Project startup. Brook
Hunt is predicting that a nickel shortage between 2016 and 2018 will drive nickel
prices higher. Brook Hunt forecasts continued nickel consumption growth with
11.5% estimated growth in 2010 followed by subsequent growth around 5% per
year to 1.890 Mt in 2015 and then by about 3% per year to 2.5 Mt in 2025. China
is expected to lead the consumption growth driven by increasing demand from its
stainless steel industry. As existing supply is expected to plateau, new projects will
be increasingly relied upon to narrow the expected future supply deficit. Nickel
supply is expected to increasingly come from laterite deposits which have
historically faced greater technical and operating challenges. Should new projects
face such challenges, future supply could be further constrained.