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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: hank2010 who wrote (30382)	1/20/2007 1:05:43 PM
From: hank2010	Respond to of 78419

DJ LME Nickel Supply Woes Leave No Reason To Sell - Traders 1 LONDON (Dow Jones)--Nickel prices are continuing to make fresh contracts highs in London Metal Exchange trade Friday and traders said worries over supplies mean there are no reasons to sell. Trade and speculative interest has pushed nickel to a new high of $36,250 a metric ton, up 3% on the day and an 11% gain on the week. The current focus of supply side concern is the looming strike at Xstrata PLC's (XTA.LN) Sudbury works. Over 1,000 unionized workers voted 98% in favor of a work stoppage if a new labor agreement isn't reached by the end of the month. DJ LME Nickel Supply Woes Leave No Reason To Sell -Traders-2 The Sudbury division produced almost 20,000 tons of nickel-in-concentrate and just over 63,000 tons of nickel-in-matte last year. Traders said the vote to strike was normal, and the situation is being blown out of proportion because a deal could soon be reached. But others noted the history of protracted strikes at some of Canada's metals and mining operations, including Sudbury, and warned it would be foolish for a market player to be caught short.