Tuesday, September 8, 2009

Going along with what we have recently been saying about increasing Chinese demand for raw material metals, the news out of China today that Jinchuan Group will expand production for nonferrous metals by as much as one million metric tons by 2015 comes as no surprise to us. We have indeed been seeing more and more Chinese investment into Canadian nickel companies, as the country looks for ways to satiate its economy’s overwhelming hunger for steel ingredients, and Jinchuan’s increased production will provide more much-needed domestic nickel capacity.

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