The Inco-Falconbridge merger could concentrate power in the hands of the major producers - 'New Inco' and Norilsk Nickel, with BHP Billiton in third place - and leave the market even more sensitive to price movements as a result of supply disruptions. Despite nickel's recent struggle on the London Metal Exchange, the chiefs of Inco and Falconbridge thought the price has potential to rise again and became defensive during a conference call when it was suggested that nickel had already reached its price peak. "Nickel has not peaked. With some stainless overproduction, nickel is not as strong as it was, but China remains strong and demand in the US aerospace industry remains strong," said Inco's chairman and ceo Scott Hand, a sentiment echoed by Falconbridge ceo Derek Pannell.
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机译:Inco-Falconbridge合并可能会将权力集中在主要生产商-'New Inco'和Norilsk Nickel手中,而必和必拓位居第三-并使市场对由于供应中断而引起的价格变动更加敏感。尽管镍最近在伦敦金属交易所(London Metal Exchange)上挣扎,但因科(Inco)和法康布里奇(Falconbridge)的负责人认为,价格有可能再次上涨,并在电话会议上暗示镍已经达到其价格峰值时变得防御性。 Inco董事长兼首席执行官斯科特·汉德(Scott Hand)表示:“镍尚未达到峰值。尽管不锈钢产量过剩,镍的表现还不如以前强,但中国依然坚挺,美国航空航天业的需求依然强劲。”潘内尔
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