Kalo nickel melemah terus dan dgn adanya pig iron nickel yg menjadi "substitusi" real nickel, *kenapa* raksasa2 macam BHP Billiton masih mau mengeluarkan uang milyaran dollar buat tambang nickel baru? Harga melemah terus, prediksi dari para "ahli" bla...bla...bla... Wise to follow the big money...? Any comment on this?
2008/9/5, gdbrook <[EMAIL PROTECTED]>: > > copied paste: > > The high cost of production and the lack of new mining/smelting > projects in the pipeline have long been discussed as factors > supporting nickel's dramatic LME price drop over the past year. But, a > new Deutsche Bank quarterly commodities report suggests that the > substitution threat from nickel pig iron, especially in Asia, was "a > main driver of the nickel price crash" from $16.88/lb in 2007 to > $12.38 at mid-2008. Stronger second-half demand from Chinese specialty > steel mills and lack of new smelted nickel production are expected to > support an annual average of $13.40 this year, according to the bank's > report. > > But the price outlooks for 2009 range from $14–15 for the bulls who > see a pickup in 2009 global stainless steelmaking to $11–12 from the > bears. They aren't convinced that a global economy pickup will occur > until 2010 so next year's stainless steelmaking will stay pretty > stable and there could be some new supply "to fill a persistent supply > deficit," says the Deutsche Bank report. The Santa Rita nickel project > in Brazil, said to become the third-largest open pit nickel mine in > the world, will be producing halfway through 2009, says the owner, > Australian producer Mirabela. However, production isn't scheduled > until 2010 for the Kennecott Eagle $300 million nickel mine in > Michigan, and BHP Billiton's $4 billion nickel project on Gag Island > off the western tip of Papua New Guinea still is in early development. > > ------------------------------------ > > + + > + + + + + > Mohon saat meREPLY posting, text dari posting lama dihapus > kecuali diperlukan agar CONTEXTnya jelas. > + + + + + > + +Yahoo! Groups Links > > > >
