Royal Nickel expecting LME stocks to start shrinking in fall

Jun 03, 2014 | 06:42 PM | Rey Mashayekhi

Tags  nickel, PGM, platinum group metals, Royal Nickel, RNC, Truth North Nickel, Dumont, West Raglan Mark Selby

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 Indonesia’s ban on nickel ore exports, president and chief executive officer Mark Selby said during a conference call. ....

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