It is reported that Russian Norilsk Nickel, the world's largest nickel and palladium maker predicted nickel prices would rebound by 16% in 2014. 

The company has also indicated the average of nickel prices at US$ 16,000/ton and copper prices at US$7,300/ton in 2014. 

Currently, nickel price has been volatilities through 2013 which has been hit lowest level since early of 2013. 

Meanwhile, the key issue of nickel price dropped further is China’s producers of nickel pig iron a cheap substitute for pure nickel. 

In addition, the company expects to bring new management team to conduct business further.