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Jinchuan Group predicts a decline in nickel prices

President of the Chinese company Jinchuan Group Chzhitsyan Yang (Yang Zhiqiang) said March 15 that the company plans in 2010 to produce 130 thousand. Tonnes of nickel and 6 th. Tons of cobalt, that is. e. almost on the level of 2009

He also predicted that nickel prices this year will be reduced significantly in the world market, to 18 thousand. USD. Per ton, since there are no signs of increased demand.

Nickel prices in February of this year, is constantly increasing, but the representatives of the industry believe that this is a result of speculation on the market.

Jinchuan Group produces a third of the cobalt produced in China and is a leading Chinese producer of nickel.

IAC «Mineral» based on China Mining

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