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[posting]26990816[/posting]Also wenn es ihnen jetzt nicht gelingt einen guten Nickel deal auszuhandeln, dann nie - neues ATH und auch zumindest bis Ende 2008 zuwenig am Markt - ich hoffe sie koennen die Entwicklungskosten über Vorauszahlungen abdecken - bei 4 mio Entwicklungskosten und einem jährlichen Cash flow von 5 Mio waer es bei einigem Geschick ja sicher möglich.



Thursday January 18, 4:47 AM
Nickel hits new record high, aluminium easier
(Updates with New York closing copper prices, adds trader price forecast in paragraphs 23-24)
By Anna Stablum and Pratima Desai

LONDON, Jan 17 (Reuters) - Nickel hit a new record high of $35,700 a tonne on Wednesday as supply jitters resurfaced, while aluminium softened despite market fears of a potential squeeze, analysts said.

Aluminium for three-month delivery on the London Metal Exchange eased to $2,678 a tonne from Tuesday's $2,681 close, while nickel ended up more than 5 percent at $35,500 from $33,600.

Low stocks and supply disruptions had led many analysts to expect a surge in nickel prices this year.

Available stocks of nickel, used to make stainless steel, in LME warehouses at around 4,400 tonnes are little more than one day's consumption. They have fallen from around 37,000 tonnes at the beginning of last year. ADVERTISEMENT



"There's a whole lot of uncertainty in the nickel market. It's a small market, demand is healthy and there is not enough supply coming through," said Michael Widmer, analyst at Calyon.

"I would expect stainless steel production to come off a little bit, we are still probably looking at 7.5 percent production growth in 2007."

The latest supply threat came from Xstrata . Wage talks between the London-listed miner and the union representing workers at its big nickel operations in Sudbury, Ontario, have stalled, according to the union.

The current contract expires on Jan. 31.

Other examples of supply delays include London-listed miner BHP Billiton , which last November said production at its Ravensthorpe nickel mine in Australia would be delayed until the first quarter of 2008.

Earlier in January, the Indonesia unit of Canadian nickel producer Inco Ltd. said it had cut weekly output by around 130 tonnes (300,000 pounds) as dry weather had caused low reservoir levels at its hydro-electric power plant.
 
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Autor (Datum des Eintrages): fpoemagichnicht  (18.01.07 09:58:39)
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