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Home / Metal News / Vale Cuts down Nickel Output Forecast but Keeps bullish at its Long-term Demand

Vale Cuts down Nickel Output Forecast but Keeps bullish at its Long-term Demand

Dec 7, 2017 16:34

Source:SMM

－Brazilian mining company Vale cut down its nickel output forecast in future five years on Wednesday, but the company kept bullish at long-term development of nickel ore.

SHANGHAI, Dec.7 (SMM)－Brazilian mining company Vale cut down its nickel output forecast in future five years on Wednesday, but the company kept bullish at long-term development of nickel ore because of potential surge in electric vehicles demand. Vale lowers its nickel output in 2018 by 15% to 263,000 tons and claims its nickel mine New Caledonia is still seeking investors.

The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

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