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Eramet: significant reserves of nickel can cause volatility in prices on the LME.

According to the French mining and metallurgical company Eramet, a high level of reserves of nickel and stainless steel can cause price volatility in the nickel market in the coming months. Eramet said that the price of nickel on the LME increased in the I quarter by 91% compared to the same period last year, which was contrary to the large reserves of nickel in warehouses LME, which totaled more than 157 thousand. Tonnes by the end of March. «Trends in demand for nickel remain healthy, but current levels of reserves of nickel and stainless steel may cause price volatility» — the company said.

Eramet is the sixth-largest producer of nickel. The company has made in 2009 52,1 thous. Tons of metal. — Trading System Metallotorg

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