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2007-2010 Nickel Forecasts |
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 |
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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
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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
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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 |
