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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: Esoteric1 who wrote (45145)	2/2/2004 11:46:36 AM
From: Esoteric1	Respond to of 59879

The nickel price is expected to come under pressure this week after workers downed tools at the Sudbury operations in Canada owned by Falconbridge on Sunday. Both the company and union representatives confirmed that a strike had started after failure to reach agreement on a new three year labour deal. The four Sudbury mines and milling operations of Falconbridge produced almost 28,000 tonnes of nickel last year, plus 31,000 tonnes of copper. The company said in a statement that it had started implementing a contingency plan which will see production "idled" at the mines and mill, with the smelter operated at reduced capacity. Analysts in Toronto were quoted by wire services as saying the strike will push up nickel prices. Production of nickel is already forecast to be in deficit of 30,000 tonnes this year without any more lost production. The price was up US$500 a tonne on Friday (to US$15,100/t) in expectation of the Sunday decision to strike