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Vale forecasts nickel prices will remain low this year-The 18th China(Guangzhou)Int¡¯l Fastener & Equipment Exhibition
3/7/2017 -fastener expo |
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It is reported that nickel mining operator PT Vale Indonesia (INCO) announced its profits fell by 96.2% compared with the same period of 2015, this was due to nickel prices fell about 22% for 2016.
The company would continue to expend production capacity, improving efficiencies and reducing costs.
However, the global nickel market remined uncertainty, such as Indonesian export quotas whether to add an additional output, or the Philippines would cut China''s ore supply.
-The 18th China(Guangzhou)Int¡¯l Fastener
& Equipment Exhibition
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