What is the short and longer term outlook for nickel prices?
As world economies continue to develop, including those of China and India, the demand for nickel remains strong. Nickel prices repeatedly hit all-time highs in 2007 as London Metal Exchange inventory levels dipped to historically low levels. In fact, many analysts suggest global demand for nickel is forecast to exceed supply until at least 2010. Crowflight’s Bucko Lake Nickel Mine is the only new Canadian nickel project expected to come on-stream in this period and only one of a few new nickel projects to be developed in the world. All of these factors point to a continuation of very strong nickel prices until at least 2010, and above average prices beyond this date.
