I believe that it is practically impossible to forecast metal prices into the future. There are too many unknowns. However, here is something to counter the generally pessimistic price assumptions of aust brokerages.
From http://www.kitcometals.com/reports/ManMetals/metals_061101.pdf
Nickel supply and demand will be quite tight through to 2011, leaving the market vulnerable to production disruptions, consultants CRU International said this morning. Nickel supply would likely rise by 376,000 tons between 2006 and 2011, while demand would increase by 360,000, leaving a rather insignificant surplus of 16,000 tons over the period.
I believe that it is practically impossible to forecast metal...
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$1.98 |
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Mkt cap ! $299.8M | |||
| Open | High | Low | Value | Volume |
| $1.98 | $1.98 | $1.96 | $148.3K | 75.12K |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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