Clarification From The Nickel Institute
May 28, 2008 -- In an item posted to the Interfax web site news items (12:29 GMT, May 28, 2008), a quote about the relationship between nickel pig iron production and nickel prices was incorrectly attributed to Stephen Barnett, president of the Nickel Institute.
The quote: "Without nickel pig iron production, which is more than 80,000 tons per year, nickel prices will return to around $50,000 per ton and $100,000 per ton." came from another speaker's presentation at the 5th Annual China Nickel 2008 conference held in Shanghai on May 28, 2008.
The Nickel Institute does not make statements about nickel production or price.
It does not present forecasts or comments on nickel markets, prices or supply and demand. The Nickel Institute does promote the long-term use of nickel to contribute to a sustainable future. The unique properties of nickel mean it has the ability to play a significant role in daily living and the industries of today and the future. For this reason, the nickel industry is currently investing billions of dollars in new projects around the globe, most notably in Australia, Brazil, Canada, New Caledonia and Russia. Whenever the Nickel Institute makes a public comment, any opinions expressed or implied are those of the Nickel Institute and not necessarily those of its members.
FOR MORE INFORMATION PLEASE CONTACT:
Stephen Barnett
President
Nickel Institute
E-mail:sbarnett@nickelinstitute.org
Tel: 44 771 734 1432
