First Nickel set to capitalize on improving mart

Mar 12, 2014 | 03:36 PM | Rey Mashayekhi

Tags  nickel, First Nickel, Lockerby Mine, Wood Mackenzie, Andrew Mitchell, Thomas M. Boehlert, Rey Mashayekhi

NEW YORK — Lauding the impact of a rallying nickel price, First Nickel Inc. (FNI) says it has “positioned itself to benefit from expected higher metal prices” thanks to “improved efficiencies” and a focus on its Lockerby Mine in the Sudbury basin.

The Toronto-based junior miner cited an optimistic long-term nickel price assessment from Wood Mackenzie Ltd. analyst Andrew Mitchell, who noted that “the supply of nickel is expected to fall short of demand” in coming years and “could be in a deficit of close to 600,000 tonnes by 2030.”....

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