The price of nickel, which has halved in the past year, may rebound as China shuts furnaces producing the substitute nickel pig iron.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
		google_ad_client = 'businessstandard';
		//google_ad_client = 'ca-businessstandard_js';
		google_ad_width = 200;
		google_ad_height = 200;
		google_ad_format = "200x200_as";
		google_ad_type = "text";
		google_ad_channel = "";
		//google_color_border = "FFFFFF";
		google_color_border = "F7F7F7";
		//google_color_bg = "FFFFFF";
		google_color_bg = "ffffff";
		//google_color_link = "639ACE";
		google_color_link = "0253B7";
		google_color_text = "000000";
		google_color_url = "D63431";
		//google_skip = adsenseSkip;
		</script> 
		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>&#34Nickel producers will raise the prices significantly if all small furnaces producing nickel pig iron were closed,&#39;&#39; Huang Ruitang, general manager at Shanghai Shouchang Ferrous Nickel Smelting Technology, said. 
</p><p class='TableClas'>China last August issued orders restricting investment in nickel pig iron furnaces and demanded closure of furnaces with a capacity of less than 300 cubic metres to curb energy consumption. </P></p><p class='TableClas'></p></table>


Nickel prices to rise as China shuts furnaces

More From This Section

Sugar mills' margin to remain under pressure this year

Fertilizer sale declines 15% in H1 of 2013: ICRA

Cotton Advisory Board scales up export, import estimates

Industry bodies oppose commodities transaction tax

Explore News