Goldman Sachs Has High Hopes for Nickel, Palladium

Bloomberg reported that Goldman Sachs Group Inc. (NYSE:GS) sees nickel and palladium performing better than iron ore and soybeans.

As quoted in the market news:

‘While cyclical recovery tends to see rising commodity demand, prices will likely largely be determined by more structural supply factors,’ the Goldman Sachs analysts wrote. ‘Accordingly, not all boats are expected rise with the tide created by continued improvement in global macroeconomic data.’

Commodities as measured by the enhanced index added 2.3 percent this year as global equities increased 5.5 percent and the Bloomberg U.S. Treasury Bond Index rose 3.5 percent. Shortages are seen nickel, zinc, aluminum and palladium, while supplies of most other raw materials includingcopper, iron ore, oil and soybeans, are expected outpace demand, Goldman says.

Click here to read the full Bloomberg report.

Get the Latest Nickel Investing Stock Information

Get the latest information about companies associated with Nickel Investing delivered directly to your inbox.


By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Equitas Resources (TSXV:EQT; FSE:T6UN) is one of the first junior resource companies in the last 20 years to hold such a large, consolidated land package in the Voisey’s Bay district. With a first-class, experienced team of professionals skilled in raising capital and managing successful exploration projects Equitas Resources has a tight share structure on early stage of nickel focused exploration. Learn more about this world class deposit.

Leave a Reply