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Don’t short nickel yet – Goldman
January 24, 2013 - 17:05 GMT
Nickel prices could sustain recent improvements or rise in the near term, meaning it is too early to establish short positions, Goldman Sachs warned on Thursday January 24.
Prices for the alloying metal have risen by about 10% since
November 2012 and could continue to strengthen on the back of a
rise in cancelled warrants in London metal Exchange warehouses
and anticipated restocking by stainless steel mills, the
investment bank said. "Specifically, we see a...
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Euromoney Institutional Investor PLC.
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