NiSource Inc T.NI

Primary Symbol: NI

Utilities Utilities - Diversified

NiSource Inc. is an energy holding company. The Company operates through two segments: Gas Distribution Operations and Electric Operations. The Gas Distribution operations segment, through its wholly owned subsidiary NiSource Gas Distribution Group, Inc., provides natural gas to approximately 2.4 million residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It operates approximately 55,000 miles of distribution main pipeline plus the associated individual customer service lines and 1,000 miles of transmission main pipeline located in its service areas. The Electric Operations segment generates, transmits and distributes electricity through its subsidiary NIPSCO to approximately 0.5 million customers in 20 counties in the northern part of Indiana and is also engaged in wholesale electricity and transmission transactions. It has four owned projects: Rosewater, Indiana Crossroads Wind, Indiana Crossroads Solar, and Dunns Bridge I.

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NiSource Inc

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Post by ppprecieson Aug 27, 2014 12:26pm

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Post# 22882542

Nickel shortage 2015-2017

Bloomberg Article Predicts Nickel Shortage and Rising Prices

Dear Shareholder,

You may find the following recent Bloomberg article of interest; below are a few highlights:

Nickel demand will outstrip supply by 97,100 tons in 2015, ending four years of gluts, according to Morgan Stanley, which sees shortages through to 2017. Goldman Sachs forecasts a 200,000 ton deficit next year and last month raised its 2015 price forecast 29 percent to $22,000.
Ore stockpiles built up by makers of nickel pig iron in China will be exhausted next quarter, according to Australia & New Zealand Banking Group Ltd., which said Philippine supply won't be enough to fill the void.
Prices are still too low given the market is set to shift to a deficit and the metal should trade at $20,000 to $25,000 so unprofitable producers break even, according to Anton Berlin, head of strategic marketing at Moscow-based Norilsk.
"We saw the Indonesian ban as an opportunity for the nickel market," said Avebury's Daws. "The ability to turn on supply is limited and continues to be that way in a growing demand environment for stainless steel."

Read the full article: https://www.bloomberg.com/news/2014-08-12/nickel-s-56-rally-spurs-mine-restarts-amid-ore-ban.html

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