Falconbridge sees slimmer '04 nickel deficit

Oct 27, 2004 | 05:51 AM | Kevin Foster

Falconbridge sees slimmer '04 nickel deficit Falconbridge Ltd. expects a nickel market deficit of about 5,000 tonnes this year, rising to 10,000 tonnes in 2005.

The forecast represents a big decrease in the 2004 deficit compared with Falconbridge's July estimate of 25,000 tonnes.

The Toronto-based company, the world's third-largest nickel producer, said in a presentation to analysts that it had cut its estimated consumption growth in 2004 and 2005 to 4.6 percent from its previous forecast of 7.4 percent, largely due to increasing use of austenitic grades and scrap in stainless steel production.....

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