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Jinchuan again raises the price of nickel

The main producer of nickel in China «Jinchuan Group Ltd.» Once again raises the price of nickel, in spite of the weakness of the market. This was stated by representatives of the holding.

So, now the basic Jinchuan nickel prices rose by 2 thousand. Yuan / ton and reached 173 thousand. Yuan / ton (25.307 thousand. USD. / T). The decision to raise rates in the Group took on a background of rising prices on the London Metal Exchange (LME).

Note that within a month the company is the fourth time raises the price of nickel. The last time the concern raised rates by 1.25%, to 162 thousand. Yuan / ton (23.693 thousand. USD. / T).

As predicted, this year the Chinese group will produce about 130 thousand. Tons of nickel, as well as 6 th. Tons of cobalt. This figure is almost the same as the operating results for the past year, but much higher than the 2006 results.

Company «Jinchuan Group Ltd.» Is considered to be the leading producer of nickel and cobalt in China. Annual profit Jinchuan averages 6.016 billion yuan.

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