Desperately soaring nickel price in international market has been witnessed correction for three consecutive days in doubt of consumers, producers as well as traders.

Jinchuan Group Ltd. is very pleased with this situation and confident that there remains room for the alloying metal to price correct.

The crucial factor controlling long-term trend of nickel price is supply and demand of the market. As enormous amounts of money is investing in the project of nickel resources and big projects of nickel will be put into operation one after another, then great output of nickel will be delivered about 2010, coupled with considerable substitutes emerging under pressure of the skyrocketing nickel price, these must do harm to health of industrial development of nickel.

Under the current situation of nickel market, Jinchuan Group Ltd, as an accountable and reliable global company, has the obligation to remind customers and consumers that do not to be puzzled by deceptive information of nickel stock, conditions of supply and demand, as well as price released irresponsibly by a few foreign agencies.

JNMC’s high-positioned manager reiterates that the group insists providing its products to consumers who simply use nickel for their production, reminds customers on the alert that a little few of traders and agencies may bid up nickel price.

At the same time, Jinchuan asks its customers, trading agencies and foreign services do not take part in bidding up nickel price and stocking up its nickel products.

For the immediate downstream consumers, if they resell electrolytic nickel, Jinchuan will impose sanction against such activities.