Nickel’s Roller-Coaster Plunge Isn’t Over, Goldman Says
Nickel’s roller-coaster ride this year isn’t over, according to Goldman Sachs Group Inc., which expects the highest prices in two years to prompt expanded capacity for smelting and discourage purchases by steelmakers.
Prices plunged 11 percent the previous two days, and probably will fall 15 percent further in 12 months to $16,000 a metric ton, Goldman forecasts.
Read more at: http://www.bloomberg.com/news/2014-05-15/nickel-s-roller-coaster-plunge-isn-t-over-goldman-says.html
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