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Mining executive: Nickel price to reach huge highs

from Northern Ontario Business

The price of nickel could reach highs previously seen in 2007, said Mark Selby, president and CEO of Royal Nickel, at a recent Canadian Institute of Mining event in Sudbury. Selby expects nickel prices to $15 to $20 per pound by mid-2015. The reason is Indonesia's decision to cease nickel exports indefinitely. The Asian country contains 25 per cent of the world's nickel supply. more

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