Citigroup forecasts nickel entering super cycle

Print this page Posted on : 03-21-2007 by recycleinme.com
Citigroup has raised its 2007 forecast for nickel, saying that supply constraints will keep the commodity in a “super cycle” of elevated prices. The bank has forecast that the metal will average $17.50 a pound in the first half, said San Francisco-based analysts led by Mr. John Hill in a report.
Source : Business Line

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