Gabelli & Company, Inc. Publishes Report on Nickel Wars

FOR IMMEDIATE RELEASE
Rye, NY
August 21, 2006
  Contact:    Gabelli & Company, Inc.
       Institutional Sales
       Daniel M. Miller, 914-921-5193

       Natural Resources Analyst
       Justin Bergner, 914-921-8353



Gabelli & Company, Inc. announced today that it has published a research report that examines the supply / demand dynamics underpinning "The Nickel Wars," i.e. the recent fight for Falconbridge and the ongoing battle for Inco.

The eight-page report written by Natural Resources Analyst Justin Bergner includes an overview of the current base metals cycle, unique characteristics of the nickel market, and a discussion of several publicly traded participants. It is available upon request.

Gabelli & Company, Inc., an institutional research and brokerage firm, is a subsidiary of GAMCO Investors, Inc. (NYSE: GBL).