World May Depend on Australia, Papua New Guinea for Nickel Supply, an Industrial Info News Alert

PERTH, AUSTRALIA--(Marketwired - Aug 26, 2014) - Researched by Industrial Info Resources Australia (Perth, Australia) -- Indonesia's ban on nickel ore exports earlier this year helped to drive the price of the steelmaking raw material up at least 33%. With traders panicking at the prospect of dwindling global supplies, and the possibility of further sanctions placed upon Russia for its involvement in Ukraine, the Oceania region could become the world's next major nickel supplier. More than 24% of known global reserves are located in the region.

Within this article: Information on nickel mining projects in Western Australia and Papua New Guinea, with estimated investments and production capacities.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.