Ring of Fire Monitor

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Friday, February 18, 2011

Nickel Supply to be Squeezed

VALE ANNOUNCES FURNACE STOPPAGE IN NICKEL OPERATIONS

TORONTO, Feb. 18 /CNW/ - Vale informs that, due to a problem, furnace #2 of its Copper Cliff smelter in Sudbury, Ontario, Canada, will remain shutdown for a minimum of 16 weeks. The furnace stoppage is estimated to imply an output loss of 15,000 metric tons of finished nickel, representing 5% of our total nickel production planned for 2011.

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