ANZ increases nickel forecasts

GOOD news for nickel producers with ANZ significantly upgrading its nickel price forecasts, citing strong demand in the first quarter of 2005 and little flexibility to increase supply over the next 2-3 years as major factors.

ANZ increases nickel forecasts ANZ increases nickel forecasts ANZ increases nickel forecasts ANZ increases nickel forecasts ANZ increases nickel forecasts

The bank’s nickel price forecast for 2005 is now $US6.97/lb (up from its previous estimate of $US5.85/lb), while in from 2006 to 2008, the respective forecasts are for $US5.85/lb ($US5.

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