URU Metals, (URU: LSE) the London listed uranium and nickel play, who have a 45% stake in the potential world class SAN Nickel project in South Africa, are bullish about the nickel price going into 2012. Analysts are predicting a boost for the nickel price over the next three years, suggesting in 2012 the price will hover at $22,937 per tonne, rising to $23,380 in 2013 and reach upwards of $24,000 in 2014.
Delays in new supply from riskier laterite recovery methods plus a reduction in nickel stockpiles are adding to upward price pressures. The SAN Nickel JV with URU is currently undertaking both drilling and metallurgical test work in preparation for a PEA and potential listing of SAN in 2012
