Nickel Smelter Cutting Production

WMC Ltd., the world's No. 3 nickel miner, said a fire last month at its Kalgoorlie smelter will cut nickel output by more than 1 percent this year.

WMC Ltd., the world's No. 3 nickel miner, said a fire last month at its Kalgoorlie smelter will cut nickel output by more than 1 percent this year. The company attributed the cut to a fire at the smelter

Nickel production will fall to 66,000 metric tons in 2002, from an earlier anticipated 67,000 tons, WMC said in a statement to the Australian Stock Exchange. Output of semi-processed nickel, or nickel in matte, will fall to 92,000 tons from 94,000 tons.

The Melbourne-based company said it's still investigating the fire, which occurred in the smelter's acid plant
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