The nickel price outlook assumes an increase of nearly 11 percent above the current average nickel price of $ 18,000. In addition, all forecasts for nickel prices, which were announced in 2014, will be exceeded, according to analyst Carey Smith of Alto Capital. The company believes that the nickel price may receive additional growth under pressure from the dollar.
Smith believes the Australian dollar could trade in the 85-87 range versus the US dollar by next year, which could act as a bonus for Australian nickel producers. He also said that for nickel miners in Australia, positive growth in the nickel market will make them feel confident over the next 12 months. However, future prospects remain unclear.
The analyst is also calling on the nickel giants to rejuvenate Australia's nickel mining industry. This involves the development of new methods for mining hidden nickel ores underground.
Australian Nickle Forum CEO Bill Repard said at the conference that the nickel sector in Australia needs to be revitalized. This is partly due to the depletion of a mine in China, as well as a ban on nickel exports from Indonesia. All of this will have a positive effect next year on the plight of nickel miners in Australia.
Australian mining companies improve nickel outlook for 2015
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Azovpromstal® 2 October 2014 г. 11:31 |
