According to Mr. Deripaska, a major shareholder of the world's largest nickel producer, Norilsk Nickel (Norilsk) that the company will review production levels and rationalize output on falling nickel prices by considering various market factors.
It is said that Norilsk will look at the factors include: consumption levels for the metal, the nickel ore output in Indonesia and the Philippines as well as their delivery volume for China, the impact of restructuring the company's Botswana mine operation, even the political issues in the nickel market such as the to taxation levels in some countries, and the production methods.
The recent high growth of nickel ore production in Indonesia and the Philippines has resulted falling prices for the metal.
