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MPI looks to strong 2004 on unhedged nickel

MPI Mines expects profits from its nickel business this year to be well ahead of 2003 with foreca...

Greg Tubby

The year to date nickel price currently averages A$8.98 a pound, ahead of the 2003 average of $6.64/lb and well ahead of MPI’s realised nickel price in 2003 of $5.93/lb. MPI booked $19.9 million in hedging...

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