Commodities - The Coming Bull Market Message Board

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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (1030)	2/6/2002 11:13:24 AM
From: craig crawford	Read Replies (1) of 1643

Inco post Q4 loss on lower metal prices money.iwon.com Tuesday February 5, 3:00 PM EST TORONTO, Feb 5 (Reuters) - Inco Ltd. (N) reported a fourth-quarter loss on Tuesday on lower metal prices and weak demand, but the Canadian nickel giant said it expected a recovery in the market later this year. ........................................................................................................................... Inco chief executive Scott Hand said the company was "cautiously optimistic" of a near-term recovery in the metal markets. "We expect a recovering nickel market in the second half of 2002 and are well positioned to benefit when the recovery occurs," he said in a statement. The Toronto-based company said it expects nickel output in 2002 to be higher than in 2001 at 213,000 tonnes. For the first quarter it sees nickel output at 54,000 tonnes. Copper production in the first quarter of this year is seen at 32,000 tonnes and at 125,000 tonnes for 2002.

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