|
2007-2010 Nickel Forecasts |
| All present forecasts are added to the daily news unless a report showing multiple forecasts is issued |
1/15 |
Reuters publishes 2010 nickel forecast poll here
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8/6 |
Bank of America raises its 2009 nickel price forecast to $6.52/lb |
7/29 |
JP Morgan raises its 2009 nickel price forecast to $7.06/lb |
7/27 |
CPM Group raises its 2009 nickel price forecast to $7.06/lb |
7/17 |
Updated Predictions of Metals Analysts for Nickel to average in 2009/2010 by Reuters survey
Bank of America - $5.67/$6.35 // Barclays - $5.39/$6.18 // BMO - $5.79/$7.50 // Citigroup - $5.37/$5.99 // CommerzBank - $5.99/$7.76 // Commtrendz - $5.59/$6.18 // Desjardins - $5.50/$7.00 // Deutsche - $5.66/$5.50 // Everbright - $5.58/$6.12 // Goldman Sachs - $6.08/6.86 // HSBC - $4.52/5.91 // JP Morgan - $5.43/$5.90 // Macquarie - $5.58/$6.26 // MF GLobal - $5.90/$7.14 // Mitsui Bissan - 5.61/6.09 // Morgan Stanley - $5.86/6.75 // RBS - $5.25/6.01 // ScotiaBank - 5.83/6.75 // Societe Generale - $5.68/6.60 // Standard Bank - $6.30/$7.87 // Standard Chartered - $6.09/5.78
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7/8 |
Citigroup raises 2009 nickel forecast to $5.50/lb, and $6.00/lb for 2010-2012. They also forecast ferrochrome to average $11.26/lb in 2009, $20.00 in 2010, and $10/lb in 2011. |
6/29 |
In a report Societe Generale updates nickel forecast to average $5.58/lb in 2009 and $6.60/lb in 2010. |
6/26 |
Purchsing Magazine shows Fortis nickel forcast for 2009 to average $5.58/lb. |
6/26 |
Barclays Capital raised its forecast on nickel for 2009 to $5.39/lb from $5.05 forecast earlier. |
6/26 |
BMO Capital Markets increases its mid-term nickel price forecast by 26% to US$5.80/lb and 36% for 2010 to US$7.50/lb. |
6/3 |
Barclays raises its forecast for 2009 nickel to average $5.39/lb. |
6/3 |
Purchasing Magazine quotes Adrian Gardner, associate consultant for the Brook Hunt unit of Wood Mackenzie as forecasting nickel to average $5.10/lb in 2009 and $5.19/lb in 2010 |
6/1 |
Standard Bank revises forecast for nickel to average $6.31/lb for 2009. |
5/29 |
S & P revises forecast for nickel to average $5.00/lb for the 2009-2011 period. |
5/22 |
Natixis revises forecast for nickel to average $5.10/lb in 2009. |
5/7 |
Goldman Sachs lowers forecast for nickel to average $4.94/lb in 2009, and $5.40/lb in 2010. |
4/23 |
Royal Bank of Scotland updates forecast for 2009 and 2010. Forecasts nickel to average $5.38/lb in 2009 and $6.01/lb for 2010 |
4/17 |
UBS changes forecast on nickel for 2009 to average $4.76/lb and 2010 at $5.25/lb. |
4/7 |
Fairfax forecasts nickel to average $4.99/lb in 2009, $5.44/lb in 2010 and $6.35/lb in 2011. |
4/6 |
Norilsk forecasts nickel to average $4.54/lb in 2009. |
4/6 |
BMO forecast nickel to average $4.60/lb in 2009, and $5.80/lb in 2010. |
3/27 |
Deutsche Bank changes forecast for nickel to average $4.39/lb in 2009, $4.50/lb in 2010, and $5.10/lb in 2011. |
3/26 |
Wellington lowers forecasts for nickel to average $4.75/lb in 2009, and $7.00/lb for long term forecast. |
3/26 |
GFMS forecasts nickel to average $4.74/lb in 2009 |
3/17 |
Macquarie cuts nickel 2009 forecast for nickel to $4.50/lb and cuts 2010 forecast 22% To $5.00/Lb. They also forecast molybdenum to be in the $15/lb area for the next few years. |
3/9 |
Firfax raises its nickel forecast from $4.54/lb to $4.99/lb for 2009 |
3/2 |
ABARE forecasts nickel to average $4.76/lb in 2009 |
2/18 |
Goldman Sachs JBWere cut its forecast for nickel by 3.5 percent to $5.47 a pound in 2009, with a call of $6 in 2010, $6.38 in 2011, and $7.15 in 2012. |
2/4 |
BNP Paribas in report forecasts nickel to average $5.40/lb in 2009 and $5.70/lb in 2010. |
1/28 |
Predictions of Metals Analysts for Nickel to average in 2009 by Reuters survey
Deutsche Bank - $3.663/lb // UBS - $4.00/lb // Goldman Sachs - $4.0733/lb
// Scotiabank Group - $4.20/lb // GFMS Consulting - $4.4793/lb // Citigroup
- $4.50/lb // Evolution Securities - $4.50/lb // Haywood Securities - $4.50/lb
// Investec - $4.50/lb // Base metals - $4.53/lb // China Int Futures -
$4.536/lb // Calyon - $4.54/lb // Fairfax IS - $4.54/lb // Standard Chartered
- $4.57/lb - MAPE - $4.5927/lb // Virtual Metals - $4.672/lb // ASTMAX -
$4.7628/lb // Karvy Comtrade - $4.7628/lb // MF Global - $4.7628/lb // Fox-Davies
Capital - $4.80/lb // ANZ - $4.875/lb // Barclays Capital - $4.9215/lb //
Bernstein - $4.9261/lb // JP Morgan - $4.932/lb // Mitsui Bussan Commodities
- $4.99/lb // Canaccord Adams - $5.00/lb // Macquarie Bank - $5.00/lb //
Midas Funds - $5.00/lb // National Bank Financial - $5.00/lb // RBC Capital
Markets - $5.00/lb // Societe Generale - $5.1256/lb // BNP Paribas
- $5.1259/lb // EIU - $5.20/lb // HSBC - $5.22/lb // Morgan Stanley - $5.25/lb
// CPM Group - $5.37/lb // CIBC World Markets - $5.38/lb // Desjardins Securities
- $5.50/lb // Royal Bank of Scotland - $5.50/lb // CLSA - $5.60/lb // Metals
Bulletin - $5.6133/lb // Credit Suisse - $5.70/lb // BMO Capital Markets
- $5.75/lb // ING - $5.75/lb // Way2Wealth - $5.806/lb // CBA - $5.83/lb
// Commerzbank - $5.9421/lb // Danske - $6.0102/lb // Natixis - $6.1585/lb
// RFS International - $6.3504/lb // Standard Bank - $6.6665/lb // and Merrill
Lynch - $6.86/lb |
1/27 |
Purchasing Magazine publishes artice showing a concensus forecast of $4.35/lb for nickel for 2009 and $5.74/lb for 2010. No details are given on who took part in the concensus forecast. |
1/19 |
Basemetals.com forecast nickel to average $4.53/lb in 2009. |
1/13 |
BMO forecast nickel to average $5.75/lb in 2009, with a long-term price forecast of $9/lb. |
1/13 |
In a sector report, Credit Suisse forecast nickel to average $5.70/lb in 2009 and $6.00/lb in 2010. |
12/16 |
TD Bank lowers forecast for nickel to average $4.79/lb in 2009 and $5.99/lb in 2010. |
12/12 |
Golman Sachs lowers forecast for 2009 to average $4.07/lb. |
12/4 |
Barclay's lowers forecast for 1st quarter 2009 to average $4.49/lb. |
12/2 |
BNP Paribas lowers forecast for 2009 nickel to average $5.13/lb. |
11/10 |
Mineweb reports recent BMO reports drops nickel forecast for 2009 to average between $5 - $5.50/lb. |
11/10 |
China media reports Macquarie cuts 2009 forecast for nickel to $5/lb. |
11/10 |
Blackmont Capital's George Topping forecasts molybdenum to average $17/lb in 2009, and $20/lb in 2010. |
11/10 |
CommerzBank forecasts nickel to average $6.80/lb in 2009. |
11/10 |
Scotia Capital, in its publication Weekly Trends, shows a nickel forecast for 2009 at $4.20/lb. |
11/10 |
UBS changes forecast for nickel in 2009 to average $4/lb, according to Purchasing Magazine. |
10/20 |
Haywood Securities forecasts nickel to average $7.00/lb in 2009, and $7.50/lb in 2010 - 2014. |
10/20 |
Credit Suisse forecasts nickel to average $5.75/lb in 2009. |
10/20 |
Deutsche Bank forecasts nickel to average $4.66/lb in 2009 and $6.05/lb in 2010. |
10/17 |
Goldman Sachs reportedly forecasts nickel to average $6.62/lb in 2009. |
10/17 |
BMO in The Goods publication forecasts nickel to average $7.50/lb in 2009. |
10/16 |
Natixis forecasts nickel to average $10.21/lb for 2008 and $6.35/lb in 2009. |
10/15 |
JP Morgan forecasts nickel to average $6.07/lb for 2009. |
10/14 |
Mitsui Bussan Commodities forecast nickel to average $10.15/lb this year and $7.75/lb in 2009. |
10/13 |
Scotia Capital updates forecasts for nickel and molybdenum for 2009 thru 2012. Nickel - $6.75/lb, $6.79/lb, $6.83/lb, and $6.88/lb. Molybdenum - $31.19/lb, $21.00/lb, $19.20/lb, $17.40/lb. |
10/10 |
Citigrup analysts Alan Heap, in the Commodity Heap report, forecasts nickel to average $6/lb in 2009. |
10/9 |
Barclay's revises forecasts for nickel for 2008 to $10.13/lb and $6.96/lb for 2009 |
10/8 |
Numis Securities analyst Simon Toyne said in a note to clients on IFM he expected ferrochrome prices would average $1,78/lb in the 12 months to June next year, $1,50/lb in the following year and $1,18/lb from 2013 onwards. |
10/6 |
UBS AG lowers it average nickel forecast for 2009 to $7.50/lb. It also expects iron ore prices will fall 15% in 2009, and coking cola will average 17% lower. |
10/1 |
Triland updates average nickel forecast for 2009 to $9.52/lb to $10.43/lb, lowering earlier forecasts. |
9/26 |
Macquarie revises average nickel forecast for 2009 to $8.62/lb and Citigroup puts 2009 forecast at $6/lb. |
9/22 |
ABARE revises average nickel forecast for 2008 to $10.89/lb and $8.62/lb for 2009. |
9/5 |
Standard & Poors forecasts nickel to average $7.25/lb this year, $6.50/lb in 2009, $6/lb in 2010, $5/lb in 2011, and $4/lb in long term. Standard Chartered revises its forecast for 2008 to $24,208/tonne ($10.99/lb) and $22,250/tonne ($10.09/lb) in 2009. Barclays' has nickel forecast to average $24,173/tonne ($10.96/lb) this year, and $21,500 ($9.75/lb) in 2009. |
8/8 |
Citigroup revises average nickel forecast for 2008 to $12.50/lb |
7/22 |
Reuters poll of 42 metals analysts - mid range forecast for 2008 of $11.57/lb average - 2009 -$10.43/lb average |
7/21 |
Lehman Brothers forecasts nickel to average $25,480/ton in 2008, down from a previous estimate of $27,580/ton |
7/14 |
In June report, Brook Hunt lowers nickel forecasts to average $11.44/lb in 2008, $8.67/lb in 2009, and $5.48/lb in 2010.
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6/20 |
In daily report, Lehman Brothers' Michael Widmer forecasts nickel to average $12.76/lb in 2008.
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6/18 |
Norilsk Nickel analyst Philip Sushchikhin tells Chinese metals conference that he forecasts nickel to average $13.15/lb in 2008, and $12.02/lb in 2009.
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6/16 |
Standard Chartered forecasts nickel to average $11.79/lb in 3rd quarter, $10.89/lb in 4th quarter, and $10.09 in 2009. GSJB Were forecasts nickel to average $11.50/lb during second half of 2008. Citi Bank holds its forecast of $12/lb in 2H09, and $10.00/lb in 2009.
|
6/12 |
Goldman Sachs Group lowers nickel forecast - for 2008, $24,552/tonne, for 2009 $20,732/tonne, for 2010 $20,945/tonne, and for 2011 $22,598/tonne |
6/6 |
Merrill Lynch lowers 2008 forecast for nickel to average $11.65/lb. ScotiaBank, in Canadia presentation, forecasts nickel to average $13.00/lb this year and $11/lb next year |
5/12 |
Natixis lowers forecast for 2008 nickel average to $11.79/lb |
4/18 |
Purchasing Magazine reports Vanessa Davidson, CRU Group, tells ISRI Nickel/Stainless Steel Spotlight attendee's that nickel will average $13.91/lb in 2008, with "potential for a range next year of $14.80 and $18.00 before a growing supply surplus forces prices “sharply” lower by 2010" |
4/8 |
Citigroup updates nickel forecast for 2008 to average $12.50/lb, up from an earlier estimate of $10.50/lb |
4/7 |
Standard Chartered Bank lowers forecast for nickel to average $12.93/lb in 2008. |
3/31 |
RBC forecasts nickel to average $14/lb in 2008. |
3/7 |
Merrill Lynch raises forecast on nickle to $14.50/lb for 2008, $13.00/lb for 2009, $11.00/lb for 2010, $10.00/lb for 2011, and $9.00/lb for 2012 |
2/5 |
Mohammed Mohiuddin of Global Commmodity Leader-Raw Materials is quoted as forecasting nickel to average $12.77/lb in 2008. "...metals prices will remain elevated through winter as buyer restock depleted inventories. Then, in the summer, purchasing and prices will slide - and stay erratic for awhile." |
2/5 |
Lehman Brothers forecasts nickel to average $13.00/lb in 2008 and $11.00/lb in 2009. |
1/29 |
MF Global forecasts nickel to average $13.06/lb in 2008. |
1/16 |
Dundee Securities in Mining Sector Update report, lowers 2008 nickel forecast to $13.00/lb. For 2009 = $11.50/lb. For 2010 = $9.75/lb. And long term forecast, Dundee puts nickel at $6.25/lb. |
1/18/08 | Dow Jones lists forecasts from poll it conducted on average price of nickel for 2008. Macquarie - $12.50/lb / Commerzbank - $11.14/lb / BaseMetal dot com - $10.89/lb / BNP Paribas - $11.34/lb / Triland - $13.61/lb / Standard Bank - $13.23/lb / UBS - $13.25/lb / Lehman Brothers - $13.00/lb / Deutsche - $13.44/lb / Barclays Capital - $13.55/lb / SocGen - $13.15/lb / JP Morgan - $13.15/lb / Goldman Sachs - $11.45/lb / Citibank - $10.00/lb / Standard Chartered - $11.79/lb = Average of all analysts = $12.37/lb
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1/15/08 | Base Metals dot com survey of metal analysts reports an average forecast of $12.60/lb for 2008.
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1/14/08 | Dow Jones reports Societe General forecasts nickel to average $13.15/lb in 2008.
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1/14/08 | Bloomberg reports Macquarie forecasts nickel to average $12.50/lb in 2008.
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1/11/08 |
Dow Jones reports its survey of metal analyst came up with an average forecast of nickel at $12.81/lb for 2008. This ranged from a low of $11.11 from a Commerzbank analyst, to a high of $13.61/lb from a JP Morgan analyst. |
1/9/08 |
UBS updates forecast on nickel price for next 3 years. 2008 = $13.25/lb / 2009 = $15.00/lb / 2010 = $12.00/lb |
1/1/08 |
Goldman Sachs in "Commodities--2008 Issues & Outlook" forecasts nickel to average $12.85/lb in 2008 (little higher than they gave Bloomberg last week) |
12/28/07 - 2008 Nickel Forecasts taken from annual Bloomberg survey of metals analysts
- median $13.38/lb
ABARE - $12.47/lb |
CPM - $13.73/lb |
Logic Advisors - $13.38/lb |
ABN Amro - $12.00/lb |
Credit Suisse - $15.00/lb |
Merrill Lynch - $16.763/lb |
Barclays - $13.80/lb |
Deutsche Bank - $14.88/lb |
RBC - $14.00/lb |
BNP - $13.55/lb |
EIU - $13.60/lb |
Sanford C. Bernstein - $10.66/lb |
Citigroup - $10.00/lb |
Goldman Sachs - $11.45/lb |
UBS - $13.25/lb |
Commerzbank - $10.89/lb |
JP Morgan - $13.15/lb |
Westpac - $14.23/lb |
|
12/14 |
ITAS Mineral quotes Bank of Moscow 2008 forecast for nickel to average $12.47/lb. |
12/14 |
On 12/3 in Industrial Metals Report, UBS forecasts nickel to average $13.65/lb in 2008 |
12/14 |
Citigroup in their December issue of M/Metals Prospects forecast nickel prices to average $10/lb in 2008, $8/lb in 2009, $6/lb in 2010. Forecast molybdenum to average $30/lb in 2008, $20/lb in 2009, and $10/lb in 2010. Another forecast made this week include Goldman Sachs who predicted nickel prices would average $12.85/lb in 2008. |
12/14 |
China Southwest Negotiable Securities forecast nickel to average $15.42/lb in 2008 |
12/6 |
ABARE forecasts price of nickel to average $12.47/lb in 2008 |
11/22 |
Desjardins Securities analyst John Redstone forecasts nickel to average $16/lb in 2008, with possible price spikes in $20/lb range.(DJ) |
11/16 |
Citigroup forecasts nickel to return to the $6/lb range by 2010, although they admit the futures curve shows nickel selling above $14/lb in 2010. |
10/31 |
Basemetals.com analyst Will Adams in Dow Jones article forecasts nickel to average $10.88/lb in 2008 |
10/18 |
MF Global forecasts nickel to average $14.74/lb in 2008, and $15.63/lb in 2007. |
10/15 |
Haywood Securities forecasts nickel to average $17.00 in 2007, $13.50/lb in 2008, $13.50/lb in 2009, $11.00 in 2010, $9.00 in 2011, and $7.50 in 2012 |
10/13 |
Morgan Stanley forecasts nickel to average $17.50/lb in 2008, and $17.55/lb in 2007. |
10/11 |
Standard Bank forecasts nickel to average $17.18/lb in 2007, $14.46/lb in 2008, and $13.72/lb in 2009. |
10/9 |
Calyon Securities forecasts nickel to average $14.46/lb in 2008. |
10/8 |
UBS forecasts nickel to average $13.25/lb in 2008. |
10/8 |
Reuters survey of 13 metals and mining analysts forecast a median long-term price for nickel at $6.60/lb |
10/8 |
CRU analysis forecasts nickel to average $13.84/lb in 2008 |
10/8 |
Natixis Commodity Markets forecasts nickel to average $12.25/lb in 2008 in quarterly report |
10/8 |
Bussan Commodities forecasts nickel to average $13.83/lb in 2008 |
10/3 |
CIBC report forecasts $15/lb nickel in 2008. Natixis forecasts $12.25/lb in 2008. |
10/3 |
Purchasing Magazine publishes article and quotes panel of 14 market researchers (unnamed) as forecasting price of nickel to average $17.26/lb in 2007 and $13.80/lb in 2008. |
9/21 |
Barclays raised its long term forecast on nickel to $8.62/lb. |
9/21 |
RBC Dominion Securities dropped its 2007 forecast on nickel to $17.25/lb in 2007 and $15/lb in 2008 |
9/20 |
Credit Suisse forecasts nickel will sell between $14.50/lb to $15.88/lb over next 12 months. |
9/11 |
Deutsche Bank raises long term forecast for nickel by 32-1/2% to $6.60/lb, and forecast nickel to average $16.88/lb in 2007 and $14.88/lb in 2008. |
9/7 |
BMO Capital Market's website shows nickel forecast of $17.75/lb in 2007 and $15.00/lb in 2008 |
9/7 |
Standard Bank adjusts nickel forecast to average $17.98/lb in 2007, and $15.88/lb in 2008. |
9/4 |
Merrill Lynch raises nickel forecast for 2008 to $12.00/lb and 2009 to $11.00/lb. |
8/13 |
Macquarie Bank Ltd drops 2007 nickel average estimate to $17.02/lb and leaves 2008 forecast alone at $13.25/lb. |
8/7 |
Citigroup in Augst Metals/Mining Prospect report shows following forecasts for nickel - $18.14/lb for 2007, $10.00/lb for 2008, $8.00/lb for 2009, and $6.00/lb for 2010. |
8/3 |
China media reports Goldman Sachs Group lowers 2007 nickel forecast to $12.47/lb, but raises forecast for 2008 to $17.01/lb. |
8/1 |
GSJB Were updates nickel forecasts - 2007 at $17.51/lb, 2008 at $12.85/lb,a nd 2009 at $8.15/lb. |
8/1 |
Natexis Commodity updates nickel forecasts - 2007 at $16.78/lb and 2008 at $12.25/lb. |
7/25 |
Access Economics publishes quarterly survey of mining analysts and gives following nickel price forecast - Sept 07 $17.50/lb - June 08 $15.00/lb - June 09 $11.45/lb. |
7/17 |
In 7/5 report, CIBC shows nickel forecast for 2007 at $18.00/lb and 2008 at $17.00/lb |
7/17 |
Scotia Capital in their report Daily Edge, drops average forecast for 2007 nickel to $17.35/lb. |
7/13 |
MEPS analysts forecast nickel to be selling around $13.61/lb by end of year. |
7/13 |
Reuters News Service survey of metal analysts forecast an average of $18.45/lb for 2007 and $14.03/lb for 2008. |
7/13 |
JP Morgan forecasts nickel to average $17.95/lb in 2007 and $12.49/lb in 2008 |
7/13 |
Calyon lowers 2007 nickel forecast to $18.66/lb and its 2008 forecast to $15.59/lb. |
7/11 |
Deutsche Bank - Nickel is expected to average US$17.00/lb in the third quarter and US$16.50/lb in the last quarter of the year. |
7/11 |
Credit Suisse Group forecasts nickel $17.97 a pound for 2007. Credit Suisse also raised its 2008 nickel forecast to $15, 2009 to $11 and 2010 to $8. |
7/9 |
BNP Paribas raises nickel forecast for 2007 to $18.09/lb in 2007, $13.15/lb in 2008, $9.02/lb in 2009, and $7.26/lb in 2010. |
7/9 |
JP Morgan raises forecast on nickel to average $17.95/lb in 2007 and $12.49/lb in 2008. |
7/5 |
Octagon Capital forecasts nickel to average $15/lb in second half of 2007 and $14/lb in 2008. |
6/29 |
Barclays Capital raises nickel price forcast for remainder of 2007 - 3rd quarter - $15.88/lb - 4th quarter - $17.24/lb. |
6/29 |
Deutsche Bank raises nickel forecast for 2007 to $18.50/lb. |
6/26 |
ABARE forecasts nickel to average $18.82/lb in 2007 and $15.88/lb in 2008 |
6/14 |
Purchasing Magazine publishes list of nickel forecasts - "Standard Bank's analyst Mike Skinner in London projects nickel averaging $24.95 this year; Wachovia's Schenker sees $19.64/lb; the purchasingdata.com outlook is $18.80; the Natixis Commodity Markets forecast is $15.88, and private banker Calyon of London sees $15.54." |
6/6 |
PT Aneka Tambang Director Darma Ambiar tells 7th Asia Pacific Mining Conference he forecasts nickel will average $8.54/lb over next 10 years. |
6/5 |
Goldman Sachs updates nickel forecasts - $17.99/lb for 2007 and $12.85/lb for 2008 |
6/5 |
Antiake is quoted by Interfax as stating nickel should average $19.05/lb in 2007 |
6/4 |
Macquarie updates nickel forecasts - $18.20/lb for 2007 and $13.25/lb for 2008 |
5/30 |
Bloomberg quotes Metalytics as forecasting nickel to average $18.01/lb in 2007, $15.50/lb in 2008, $10.00/lb in 2009, and $7.50/lb in 2010. |
5/24 |
National Australia Bank raises its forecast for average price of nickel for 2007 by 82% to $20.05/lb. |
5/21 |
Goldman Sachs raises its nickel forecast for 2007 to $18.29/lb, up 8.4% from earlier estimates. Raises 2008 nickel average to $15.88/lb from an earlier forecast of $13.61/lb. |
5/7 |
Bloomberg publishes article where it says, according to the median of 12 forecasters, the price of nickel will fall in the latter 1/2 of 2007 to average $11.09/lb in the last quarter. JP Morgan is quoted in article saying nickel will average $16.02/lb in 2007. |
5/3 |
Calyon raises its 2007 annual forecast for nickel to $20.00/lb in 2007. |
5/1 |
Natexis Commodity Markets raises forecast for average nickel price to $15.88/lb for 2007 and $10.66/lb for 2008. |
4/27 |
Haywood Securites raises forecast for average nickel price to $19.00/lb for 2007 |
4/27 |
Goldman Sachs JBWere Pty forecasts a 2007 average for nickel of $16.82/lb. |
4/22 |
Wachovia Corp. forecasts a 2007 average for nickel of $19.64/lb, and $16.33/lb in 2008. |
3/26 |
UBS raises forecast for nickel price to $17.44/lb average for 2007 |
3/26 |
Barclays raises forecast for nickel for second time this year to $21.77/lb for 2nd quarter 2007, $18.14/lb 3rd quarter, and $15.88/lb for 4th quarter. |
3/26 |
Numis Securities raises nickel forecast for 2007 to $15.00/lb and 2008 to $11.00/lb
|
3/19 |
Calyon raises forecast for nickel to $15.53/lb for 2007.
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3/19 |
Citigroup raises forecast for nickel to $17.50/lb for first half of 2007 and $13.50/lb for second half.
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3/16 |
BNP Paribas Securities analyst Ferry Wong forecasts nickel to average $13.61/lb in 2007.
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3/16 |
Macquarie Research raises annual forecast for nickel to $14.75/lb for 2007, $13.00/lb for 2008, $9.50/lb for 2009, $7.00/lb for 2010, and $6.00/lb for 2011. (We still expect the stainless steel market will weaken, the strong growth of China's nickel output, so that nickel prices. However, nickel prices will be substantially increased. We raise the long-term price reflects the cost of capital and operating costs increase.)
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3/16 |
FN Arena article quotes Morgan Stanley annual forecast for nickel at $14.50/lb in 2007 and $12.50/lb in 2008 and $6.00/lb in 2009.
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3/16 |
FN Arena article quotes JP Morgan annual forecast for nickel at $12.70/lb in 2007 and $7.03/lb in 2008.
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3/16 |
FN Arena article quotes Smith Barney Citigroup annual forecast for nickel at $15.91/lb in 2007 and $9.25/lb in 2008.
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3/13 |
BNP Paribas publishes annual forecast for nickel at $14.97/lb in 2007 and $9.30/lb in 2008.
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3/7 |
Standard Chartered raises annual forecast for nickel from $13.55/lb to $14.61/lb for 2007.
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3/5 |
ABARE raises forecast for nickel to $16.67/lb for 2007.
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3/2 |
Brook Hunt raises forecast for nickel to $16.41/lb for 2007 and $16.93/lb for 2008.
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3/1 |
RBC Dominion Securites raises forecast for nickel to $16/lb for 2007 and $14/lb for 2008.
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2/27 |
Desjardins Securities raises forecast on nickel to $16/lb in 2007 and $13/lb in 2008.
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2/13 |
Natexis in Mineweb article gives 2007 forecast at $12.25/lb |
1/31 |
UBS in Bloomberg article raises 2007 forecast to $14.50/lb |
1/30 |
Morgan Stanley in daily report raises 2007 forecast to $14.52/lb |
1/09 |
Haywood Securities in Mineweb article raises 2007 forecast to $13.50/lb |
1/07
|
Reuters market analysts forecasts 2007 - Updated forecasts by Reuters
- average of analysts show nickel 2007 - $12.00/lb and 2008 average -
$9.75/lb. Here is the complete list found in Chinese media
ABARE - $11.23/lb
ABN Ambro Bank - $4.66/lb
Antaike - $12.00/lb
ANZ - $9.50/lb
Barclays Capital - $14.19/lb
Basemetals
- $12.70/lb
BMO - $12.50/lb
Bank of Paris - $11.68/lb
Canaccord Adams
- $13.69/lb
Citigroup - $11.00/lb
German Commercial banks - $12.42/lb
Commonwealth Securities - $13.61/lb
CPM Group - $14.09/lb
Deutsche Bank
- $14.28/lb
EIU - $12.10/lb
Everbright Securities - $13.61/lb
GFMS -
$11.11/lb
Goldman Sachs - $10.89/lb
JP Morgan - $9.98/lb
Lehman
Brothers - $11.50/lb
Macquarie Bank - $10.13/lb
LOGIC Advisors - $15.65/lb
Man Financial - $14.02/lb
Merrill Lynch - $10.75/lb
Mitsui Bussan - $9.53/lb
Morgan Stanley - $10.75/lb
NCM - $8.16/lb
National Bank - $10.00/lb
Numis
Securities - $12.00/lb
RBC Capital - $12.50/lb
Salman Partners - $13.79/lb
Scotia
Capital - $10.00/lb
SiGe - $11.34/lb
Standard Bank - $12.93/lb
UBS -
$10.98/lb
Parastatal - $14.52/lb
Wellington West - $13.00/lb
(source) |
12/06 | From December 2006
Westpac - $6.50/lb
JBWere - $10.83/lb
Wachovia - $11.68/lb
National Australian Bank (NAB) - $12.13/lb
Desjardins Securities - $13.00/lb |
