Nickel said likely to see more consolidation

Apr 30, 2013 | 02:16 PM | Daniel Fitzgerald

Tags  nickel, consolidation, David Wilson, Citigroup, Patricia Mohr, Scotiabank, Angus Staines, UBS Vale

TORONTO — The nickel market is likely to see more consolidation and price increases in the coming years, although all eyes are on Indonesia over its proposed ore export ban, according to speakers at an international nickel conference in Toronto.

Capacity closures and consolidation will continue to be a factor in 2013, David Wilson, director of metals research and strategy at Citigroup Inc.’s research group, said during a pricing panel at the conference sponsored by AMM sister publication Metal Bulletin. "I think we will see more capacity closures, so the market could tighten up this year. Nickel is one of the....

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