Sherritt International Corp. (SHERF)

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Sherritt CEO predicts rising nickel prices, supply deficit

With a bitter proxy battle now behind it, Sherritt International Corp. can focus on its projects, including the Ambatovy deposit in Madagascar for which the company has a new reserve estimate.

Sherritt (S.TO 2.69 0.09 3.46%), a Canadian nickel miner with operations in Madagascar and Cuba, said it expects the price of the metal to rally as the market swings to deficit as soon as next year.

“On longer-term supply and demand fundamentals, which ultimately have to govern here, we think we’re going to move from several years of surpluses to a period of a few years of probably supply deficits,” Sherritt Chief Executive Officer David Pathe said.

“And that will be positive for the nickel price.”

http://www.bnn.ca/News/2014/10/18/Sherritt-CEO-predicts-rising-nickel-prices-supply-deficit.aspx