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."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here