Royal Nickel expecting LME stocks to start shrinking in fall
Jun 03, 2014 | 06:42 PM
| Rey Mashayekhi
NEW YORK Royal Nickel Corp. (RNC) said its impending acquisition of True North Nickel Inc. will allow it to take advantage of a "rapidly improving nickel market" that faces a "structural shortfall of supply," with the company expecting London Metal Exchange inventories to begin shrinking by fall 2014.
RNC believes nickel "will be the best-performing base metal for the remainder of the decade" due to a "structural shortfall in supply" stemming from Indonesias ban on nickel ore exports, president and chief executive officer Mark Selby said during a conference call. ....
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