Production Cuts in Nickel and Steel

Posted by: JohnEStromJr on November 26, 2008 10:59PM

Here are a couple of articles relating to production cuts in nickel by Indonesia Inco and cuts in steel production in China. Sooner or later they're going to run low on base metals. Sooner is better....

Indonesia's Inco may cut '09 nickel output 20%

By: Reuters Published on 26th November 2008

JAKARTA - PT International Nickel Indonesia, one of the world's top nickel producers, said on Wednesday it might slash its output by a fifth next year if prices remained weak.
The Jakarta-listed company, in which Brazil's Companhia Vale do Rio Doce has a stake, has a total production capacity of 170-million pounds (about 77 000 t) of nickel in matte a year.

http://www.miningweekly.com/article....


BHP Billiton expects China steel production to drop 17pc
AAP November 27, 2008 11:06am

BHP Billiton expects Chinese steel production to drop 17 per cent year-on-year amid the financial crisis, but says emerging economies, particularly China, will drive natural resources demand growth.

The company says it is better placed than any other major miner to withstand the global financial and commodities markets turmoil.

http://www.news.com.au/business/stor...