Friday, May 25, 2007

Nickel Rises as Voisey's Bay Mill Shuts Briefly; Lead Advances to Record

(Bloomberg) -- Nickel gained the most in four weeks
in London after production from the Voisey's Bay mill in eastern
Canada was shut briefly because of a labor dispute over safety.
Lead pared gains after rising to a record.

Cia. Vale do Rio Doce, the world's second-largest refiner of
nickel, said output at its mill in Labrador was halted yesterday
and resumed last night. Voisey's Bay has been operating with
replacement workers for five weeks while employees represented by
the United Steelworkers union try to resolve a labor dispute.
Nickel stockpiles stand at about three days of global demand.


Read more at Bloomberg Commodities News

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