Nickel: Weak Prices To Restrain Output Growth

BMI View: Our expectation for nickel prices to remain weak, as well as rising costs of production in Australia will mean the country's nickel sector sees only modest growth in output in the coming years. We forecast refined nickel output to reach 1 3 3 kt ( '000 tonnes) by 201 8 , growing at an annual average rate of 2.7 % from 201 3 levels.Growth in nickel output in Australia will slow over the coming years on the back of weaker prices. Whilst growth rates of 5-8% in production are...

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