DJ MARKET TALK: LME Nickel Outlook Remains Positive;China Demand 0834 GMT [Dow Jones] LME nickel's long-term price outlook remains positive, partly due to a structural shortage of the metal, says Numis analyst John Meyer. Delays to development of new projects could lead to nickel deficits, thereby supporting prices, says Meyer. Moreover, "a Chinese minister recently stated that China's demand for nickel will rise to 400,000 tons in 2010 from a figure of 247,000 tons (in 2006)," says Meyer, adding that the growth in the Chinese stainless steel market has largely driven nickel demand growth. LME nickel trades at $47,400 a metric ton, up 1.6% from Wednesday. (LYT)
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