Goldman lowers its nickel price forecasts

Oct 15, 2012 | 02:38 PM | Janie Davies

Tags  London Metal Exchange, Goldman Sachs, nickel, nickel forecast, three-month nickel, six-month nickel, nickel prices, Janie Davies

LONDON — Goldman Sachs Group Inc. has cut its nickel price forecasts by as much as 8.6 percent for the next six months to reflect lower-than-expected costs of marginal production.

The New York-based bank adjusted its three-month nickel price forecast Monday to $16,500 per tonne from $17,000 per tonne.....

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