Nickel prices will average $17,500/T in 2013: Dunleavy

Oct 15, 2012 | 11:31 AM | Janie Davies

Tags  Stratton Metals, Keith Dunleavy, nickel, London Metal Exchange, Janie Davies

LONDON — Nickel prices will average $17,500 per tonne in 2013, trading in a range of $8,500, according to Keith Dunleavy, founder and managing director of Stratton Metals Ltd., London.

"It will be stronger in the first quarter, and who knows thereafter. Don’t rule out $23,500. The downside will be $14,000," he told AMM sister publication Metal Bulletin. "The market will be in a surplus of about 60,000 tonnes for the full-year 2012. This comes on top of oversupply from the past two years, so you have got stock in the pipeline. I expect premiums to be under pressure."....

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