Nickel Market Seen Moving Into Balance in 2013 by Wood Mackenzie

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The nickel market may be in balance next year as demand strengthens amid potential delays in adding supply, according to Andrew Mitchell, an analyst at researcher Wood Mackenzie Ltd.

Following are comments made by Mitchell by phone on Nov. 20. Nickel, used mostly to make stainless steel, is down 11 percent this year on the London Metal Exchange, on course for a second annual retreat.