[Nickel] global nickel supply this year, or 5,000 tons shortfall

Recently, CVRDInco (England may River Valley) in a seminar that 2007 global nickel market balance of supply shortfall or 5,000 tons, next five years, the nickel market demand remains strong.
CVRD does not think that in addition to the countries outside China, the output of stainless steel output at present, any reduction is not enough to offset the increased demand in China, CVRD nickel price that the second half might not be adjusted. However, stainless steel market low nickel content of the output will rise rapidly. 2001 300 Stainless Steel in the proportion of about 71%, by 2007 had dropped to 64%. However, 60% would be a minimum threshold. Beijing Antaike advisory body of non-ferrous metals and CVRDInco that China in 2007 with the production of pig iron nickel will be from 80,000 to 100,000 tons.
The industry believes that if another influential year supply of unexpected incidents in the future, nickel prices may continue to rise. downward pressure from the Chinese stainless steel production was immense, but production has not been fully utilized. If the full domestic release, then stainless steel market will have the backlog of inventory, then nickel prices will change direction, containing iron and nickel in the cost of Line 13 -16 dollars / pounds, which may be the recent nickel price of the bottom line.