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Gold/Mining/Energy : ECHARTERS
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To: Bill Jackson who wrote (1927)12/4/1997 10:17:00 AM
From: Cumbrian  Read Replies (1) of 3744
 
I would suspect INCO would try and walk a fine line of keeping prices up to maximixe profit but not so high as to attract new players into the market. It would appear from the last press release that INCO is reversing it's long term goal of being the biggest supplier at any cost to at least taking profit into account.

On production levels, if Voisey's bay was on line at full production today INCO could sell every LB produced without having to look for any new customers? As INCO is figured to be in the middle of the cost producers this would I expect exert pressure on the higher cost producers to take capacity off line (it is easier to drop small production plants). If the Ni market continues to expand at the same rate it has the last several years a Voisey's bay will need to be brought on every 3 to 4 years?

Geoff.
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