Nickel moving toward deficit without new major projects

Oct 17, 2012 | 11:48 AM | Claire Hack

Tags  LME Week, nickel, Fraser Phillips, RBC Capital Markets, deficit, mining, Ambatovy project, Goro project Koniambo project

LONDON — The current oversupply of nickel could eventually disappear if big projects like Vale SA’s Goro in New Caledonia aren’t brought online, according to RBC Capital Markets’ managing director of global mining research.

"There’s an interesting switch that could happen in this market. I see the market tightening up anyway, on the basis of demand assumptions," Fraser Phillips said at a seminar during LME Week in London. ....

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