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Nickel will rise to $12,000

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    Goldman predicts Nickel will rise to $12,000 in six months

    UNITED KINGDOM July 19 2016 2:28 PM

    LONDON (Scrap Register): Goldman Sachs Group Inc. estimates that a quarter of existing nickel mine output from the country will be lost from the market for the next six months, the bank said a report, predicting that prices in London will rise to $12,000 a metric ton in six months, compared with $10,285 on Monday.

    Goldman Sachs has raiised its outlook for zinc, aluminum and nickel prices anticipating supply inequalities to continue across the metals sphere throughout the second half of the year.
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