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Don’t short nickel yet – Goldman

January 24, 2013 - 17:05 GMT Location: London

KEYWORDS: nickel , Goldman Sachs , LME , Metal Bulletin

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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