Friday, May 4, 2007

Nickel Rises to Record on Speculation Exports May Be Disrupted; Lead Gains

(Bloomberg) -- Nickel advanced to a record in London on speculation measures taken by the state government of Western Australia to detect pollution will disrupt shipments of the metal. Lead also rose to its highest ever.

A 20,500 metric-ton shipment of nickel concentrate from LionOre Mining International Ltd. and Jubilee Mines NL, scheduled to leave Australia's Esperance Port tomorrow, will be monitored. Western Australia state's Department of Environment and Conservation said today it will stop the ship loading should odor or dust be detected. Concentrate is shipped to smelters.


Read more at Bloomberg Commodities News

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