CAPITAL MARKETS

Voisey's Bay bad news for nickel prices, broker warns

JUST as the world nickel market shows signs of revival comes the first word of caution about a looming supply surplus courtesy of the decision by Inco to proceed with development of the Voisey's Bay mine in Canada.

Tim Treadgold

Japanese stockbroking house Nomura has warned that nickel could be in a position of chronic surplus by 2006 as Voisey's Bay begins delivering at its forecast 50,000 tonnes of nickel metal a year. The...

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