Nickel Touches 14-Month High as Goldman Sachs See Further Gains

Posted on April 14, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

“We have been bullish on nickel since the start of the year, but prices have risen more quickly than in our base case,” Jeff Currie, an analyst at Goldman Sachs, said in the report. “The price rally predominantly reflects the ongoing Indonesian ore export ban” and “concerns about the potential impact of any sanctions on Russian commodity exports.”