Falconbridge to halt output at Dominican complex

Article Abstract:

Falconbridge Ltd. will stop the production of nickel at its nickel processing complex in the Dominican Republic for three months due to the weak nickel prices. The move will cut the company's nickel production by 17.6 million pounds or about 8%. The company yields about 220 million pounds of nickel annually at its operations in Sudbury, Norway and Dominican Republic. The decision helped boost the nickel's price on the London Metal Exchange by 7 cents per pound. Analysts also said that the increase in nickel prices could be attributed to the rise in the yen against the US dollar.

Comment:

Will stop the production of nickel at its nickel processing complex in the Dominican Republic for three months due to the weak n

Production data, Article

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Falconbridge profit plummets

Article Abstract:

Toronto, Ont.-based Falconbridge Ltd. reported weak profits due to a worker's strike, low production levels and declining global demand for nickel. Falconbridge, which is led by president and chief executive officer Oyvind Hushovd, reported profits of $4.6 million on revenue of $532.5 million for the first quarter.

Sales, profits & dividends, Primary nonferrous metals, not elsewhere classified, Primary Smelting and Refining of Nonferrous Metal (except Copper and Aluminum), Nickel, Metals service centers and offices, Finance, Nickel industry, Metal service centers, FALCF

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