Nickel prices to remain close to $30,000 per tonne – Norilsk Nickel
metalsplace.com
The cost of nickel could hover around $30,000 per tonne in the medium-term, Viktor Tomenko, head of Norilsk Nickel's Arctic branch, said on Thursday.
"This year, [nickel prices] have risen more than we could have ever imagined, and now they are returning to the level of $30,000 per tonne. I think they will remain at this level for the foreseeable future," he said.
"In terms of our economy and the stability of production, we are prepared for a situation in which prices would be less than $20,000 and $15,000 per tonne," he said.
The situation on the nickel market this is year is "unique, but we are prepared for even rougher times," he said.
Norilsk Nickel's Artic branch contains the bulk of the company's production facilities. |
