Nickel talks
(Special CrspdJ. N.Z PJL.I
NOUMEA, Nov. 1.
After a week of tense and secret negotiations held in Noumea between New Caledonian miners and a delegation of Japanese industrialists —the Gokookai—aiming at determining new conditions for the purchase of this territory’s nickel by Japan, the talks have ended in a complete failure.
It would appear that the main aim of the Japanese was in securing the old prices for the sale of nickel despite the latest rise in the international price of this metal. The Japanese gambled on two trump cards they held. One was the fact that, apart from France, they were the biggest buyers of New Caledonian nickel—49 per cent last year and 31 per cent for the first nine months of 1972. The second was the fact that they had stored sufficient nickel reserves to last them six months.
The Japanese had also supposedly switched some of their purchasing to recently discovered nickel in the Celebes.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19721102.2.42.4
Bibliographic details
Press, Volume CXII, Issue 33063, 2 November 1972, Page 4
Word Count
160Nickel talks Press, Volume CXII, Issue 33063, 2 November 1972, Page 4
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.