Nickel and platinum to shine in 2020

Nickel and platinum will be the stand out success stories for the next two years, while gold is set to stabilise, Bank of America Merrill Lynch has said in its 2020-21 outlook.

Nickel and platinum to shine in 2020 Nickel and platinum to shine in 2020 Nickel and platinum to shine in 2020 Nickel and platinum to shine in 2020 Nickel and platinum to shine in 2020

While gold's gains are expected to be modest without geopolitical tailwinds, other commodities look set to pick up in 2020 and 2021

BAML forecasted nickel prices would hit $17,375/t next year and $20,000/t by 2021, on the back of demand for EVs and Indonesia's ore export ban. On 3 December, the price was $13,595/t.

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