Copper stronger, nickel to crash: analysts

ANALYSTS at Goldman Sachs JBWere have painted an optimistic picture for the future of copper, but the brokerage has warned of a contraction in nickel prices as the global supply of the commodity moves back into surplus.

Copper stronger, nickel to crash: analysts Copper stronger, nickel to crash: analysts Copper stronger, nickel to crash: analysts Copper stronger, nickel to crash: analysts Copper stronger, nickel to crash: analysts

GSJBW upgraded its forecasts for the red metal in a research report released yesterday, indicating that it expected prices to remain “comfortably” above $US3 ($A3.

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