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Presentation: Nickel - The necessity of higher prices [pdf ... - Hatch

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METAL BULLETIN 25 TH INTERNATIONAL FERROALLOYS CONFERENCE, 2009<br />

<strong>Nickel</strong> <strong>prices</strong> have been influenced by a range <strong>of</strong> factors over the last 5<br />

years<br />

LME Ni price ($/tonne)<br />

60,000<br />

50,000<br />

• Supply / Demand<br />

• Input costs<br />

• Dollar weakness<br />

• Speculation<br />

• Supply / Demand<br />

• Input costs<br />

• Dollar weakness<br />

40,000<br />

30,000<br />

20,000<br />

10,000<br />

0<br />

Aug 04<br />

Oct 04<br />

Dec 04<br />

Feb 05<br />

Apr 05<br />

Jun 05<br />

Aug 05<br />

Oct 05<br />

Dec 05<br />

Feb 06<br />

Apr 06<br />

Jun 06<br />

Aug 06<br />

Oct 06<br />

Dec 06<br />

Feb 07<br />

Apr 07<br />

Jun 07<br />

Aug 07<br />

Oct 07<br />

Dec 07<br />

Feb 08<br />

Apr 08<br />

Jun 08<br />

Aug 08<br />

Oct 08<br />

Dec 08<br />

Feb 09<br />

Apr 09<br />

Jun 09<br />

Aug 09<br />

Source: <strong>Hatch</strong> Beddows<br />

16

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