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The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.
Message: Some commentary on nickel prices
Found this article just now. Crazy, this guy thinks Nickel is still priced too high? We do know there will be more supply coming inot market as we move forward. Demand will be the unknown. This in turn will give us our supply/demand balance where it goes is anyones guess. One heck of a circle it becomes as lead and lag comes into the equation.
http://www.miningweekly.com/article....
High nickel prices promotes use of ferritic stainless steel grades
By: Chanel Pringle
Published on 9th July 2008
Updated 30 minutes ago
There has been a global shift from austenitic to ferritic stainless steel grades with high nickel prices acting as a trigger for this shift, German firm Heinz H Pariser Alloy Metals & Steel owner Heinz Pariser said on Wednesday.
Ferritic stainless steel grades contain less nickel than austenitic grades.
“There is no confidence in the nickel prices. The nickel prices are still overvalued and are fundamentally not justified. I hope they will be coming to a more reasonable level in future,” he commented during the Ferro Alloys 2008 conference held in Johannesburg.
Pariser also noted that nickel consumption for the production of stainless steel was depressed and would remain so for the next couple of years unless prices came down to a more reasonable level.
Meanwhile, Pariser said that stainless steel supply remained volatile and that he expected an undersupply of 1,2-million tons this year.
Ferritic stainless steel grades contain less nickel than austenitic grades.
“There is no confidence in the nickel prices. The nickel prices are still overvalued and are fundamentally not justified. I hope they will be coming to a more reasonable level in future,” he commented during the Ferro Alloys 2008 conference held in Johannesburg.
Pariser also noted that nickel consumption for the production of stainless steel was depressed and would remain so for the next couple of years unless prices came down to a more reasonable level.
Meanwhile, Pariser said that stainless steel supply remained volatile and that he expected an undersupply of 1,2-million tons this year.
Editor: Mariaan Olivier
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