Nickel outlook least promising due to supply

Reuters Africa reports that BNP Paribas (EPA:BNP) singled out nickel as the lone price under performer.

The market news is quoted as saying,

The bank’s senior metals markets strategist Stephen Briggs forecast each of the major London Metal Exchange-traded metals to finish the fourth quarter of 2011 higher than when they started, except for nickel, which Briggs said is headed for an 11 percent drop.