Nickel market keeps close eye on Sudbury talks

Dec 19, 2006 | 09:19 AM | Meghann McDonell

Declaration of a union strike deadline at Xstrata Plc's mining and processing operations in Sudbury, Ontario, has left the nickel market "walking on eggshells," with prices likely to react sharply to any risk of a supply disruption, market sources said Tuesday.

On Monday, the Canadian Auto Workers union said it would strike if a new contract is not reached at Sudbury by Jan. 31. With only 7,242 tonnes of the metal left in London Metal Exchange warehouses as of Tuesday morning, the market is perceived as extremely tight and might not wait until the end of next month to act on a potential strike, traders said.....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results