The long-term nickel floor price has ‘turned the corner’ and will continue to rise over coming decades, according to resources adviser Martin Pyle, Principal of Perth-based Martin Pyle Consulting.
The forecast was made at the first day of the Paydirt 2009 Australian Nickel Conference, currently being held in Perth.
“It is clear the global financial crisis impacted construction and transport, major factors in the associated reduction in stainless steel demand and therefore nickel in the short- term,” Pyle said.
Click here to learn more! “Forecasts of 500,000 tonnes a year in new nickel demand by 2020 now look conservative.
