Norilsk Nickel expects growth in world prices for their products in 2014
Group Management MMC «Norilsk Nickel» expects that in the next year, world prices for the main products of the company slightly, but significantly (in comparison with indicators of the current year) will increase. This forecast analysts «Norilsk Nickel» with respect to non-ferrous metals market trends recently voiced by Anton Berlin, who served as deputy head of CJSC «Normetimpex» (one of the trading units of Norilsk), in an interview with reporters, «Reuters» news agency. «Revolutionary takeoff value does not have to wait for a nickel, but the upper limit of the price per tonne of metal probably will overcome the mark of 15 thousand dollars.» — Commented on the statement by the representative of the company.
We recall that at the present time there are positive vectors in the quotations of nickel. In particular, only last Friday, the price of the resource on the London Metal Exchange since the beginning of the trading day rose to 137 dollars per tonne to $ 13.95 per thousand. 1000 kg. However — the overall total since December last year — the price of the metal showed a very pessimistic trend down in the short term with 18 thousand dollars to 14 thousand USD per ton.
In an interview with Anton Berlin she is also noted that according to statistics on the global market, about 35−40% of world nickel producers began in April of this year to incur substantial losses. And, although not yet complete stop large nickel production was not observed, if the current market situation does not change, their withdrawal from the market — only a matter of time. «Tapping reduction may begin in the fourth quarter of 2013, but do not expect a significant impact of this factor on the price situation on the world markets," — he said in an interview with reporters a top manager «NORMETIMPEX».
MMC «Norilsk Nickel» — the largest operator of the commodity market, the main directions of which are currently the exploration, extraction, processing and refining of non-ferrous and precious metals. The corporation holds the position of the world's leading producer of nickel and palladium, as well as a major producer of copper and platinum. In addition to these metals, «Nornikelja» range contains rhodium, cobalt, gold, silver, ruthenium, selenium, iridium, tellurium and sulfur. Production capacity of the corporation are located in five countries on three continents — in Russia, Botswana, South Africa, Australia and Finland.