Cuba Develops Nickel Industry
- Submitted by: admin
- Business and Economy
- Science and Technology
- 12 / 29 / 2008
As an example, they recalled that nickel prices have decreased drastically from 53,000 dollars to 9,000 dollars per ton at present.
That situation demands a constant reduction of production costs, as sometimes that indicator is similar to prices, so efficiency is necessary in the nickel sector.
The international financial crisis resulted in a reduction in production of stainless steel, of which nickel is a major component.
However, Cuba's nickel industry might contribute 550 million dollars in net revenues to the country's economy in 2008.