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Nickel retreats on LME as rumor becomes fact: Sudbury output down, but no force majeure.

Publication: American Metal Market
Publication Date: 03-FEB-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK -- Nickel producer Falconbridge Ltd. said output from its Sudbury, Ontario, operation will fall about 50 percent to 2,000 tonnes a month due to the strike that began Sunday.

In a conference call Monday, executives said the company had no plans to declare force majeure for the next month.

Falconbridge said the turn-around time between Sudbury and its Nikkelverk refinery in Norway was about six weeks, meaning it would be about mid-March before the output reduction would hit the market.

Copper production from Sudbury is expected to...

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