Standard Bank Raises Nickel, Tin Forecasts, Sees Copper Shortage
This article is for subscribers only.
Nickel and tin will trade higher than previously expected this year and copper supply will fall short of demand as early as next year, Standard Bank said.
Nickel will average $21,310 a metric ton this year, from a previous estimate of $20,225, Leon Westgate, an analyst at the bank in London, said in a report dated yesterday. Tin will average $18,875 in 2010, from an earlier forecast of $17,300. The 2011 estimate increased by $3,000 to $23,200.