trending Market Intelligence /marketintelligence/en/news-insights/trending/xykfel9h7q2jsmuprnnota2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

UBS flags nickel rally in 2017 amid supply shock

Mobile Payment Apps Driving Fintech Frenzy In India

Street Talk Episode 42: Banks losing consumer deposits to fintech, digital platforms, commercial might be next

Corporate Renewables Market Looks To Continue Growth After Record 2018

Reframing The Conversation Around Cyber Risk


UBS flags nickel rally in 2017 amid supply shock

UBS Group AG said nickel prices could rally by a further 25% through 2017, as the Philippine government's crackdown on miners could shave 11% of the world's nickel supply, Bloomberg News reported Oct. 3.

An audit of 41 mining operations in the country saw the suspension of 30 mines due to environmental violations; 18 of the mines are nickel operations.

This places 55% of Philippine nickel output, or 11% of global supply, at risk, according to UBS. Nickel could reach US$6 per pound, or US$13,228 per tonne, by the end of 2017, the report cited analyst Daniel Morgan as saying.

"In the short term, there is enough metal out there as a buffer for the next few months, so are the stainless steel customers anxious? I would say not yet, but they will be in 2017," Morgan commented.

The UBS forecast sees nickel averaging US$5 per pound in 2017, or US$11,023 per tonne, above the median consensus from 18 analysts of US$10,920 per tonne.