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Nickel extends longest rally in 42 months after Goldman forecast

Posted on 15 April 2014

Nickel prices rose, extending the longest rally in 42 months, as Goldman Sachs Group Inc. said the price is poised climb an additional 12 percent because of limited supplies.
The price may climb as high as $20,000 a ton, Goldman said. Nickel gained 28 percent this year after Indonesia, the world’s top producer from mines, barred exports of raw mineral ores in January. Russia, home to OAO GMK Norilsk Nickel, the leading producer of refined metal, might face more sanctions from the U.S. and Europe amid turmoil in Ukraine………………………………………..Full Article: Source


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