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Barclays Lowers 2014 LME Nickel Outlook to $14,000 per MT
Jul. 19, 2013 10:09AM PST
Base Metals Investing MetalMiner reported that Barclays has downgraded its 2014 London Metal Exchange (LME) nickel price outlook to about $14,000 per metric ton (MT); that’s down from its previous forecast from $18,000 per MT.
MetalMiner reported that Barclays has downgraded its 2014 London Metal Exchange (LME) nickel price outlook to about $14,000 per metric ton (MT); that’s down from its previous forecast from $18,000 per MT.
As quoted in the market news:
The LME nickel 3-month price saw a 2.5 percent increase on Thursday, July 18, reaching $13,925 per metric ton on the LME and making it the biggest mover for the day. On the LME, the spot price of nickel inched up 2.0 percent to $13,805 per metric ton.
After a 1.1 percent increase, the Indian nickel cash price finished the day higher.
Click here to read the full MetalMiner report.
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