Aluminum, News & Features, Nickel, Resource News
S&P lowers 2012 nickel, aluminum price forecasts
By Mineweb · July 13, 2012 · 9:33 am · Leave a Comment
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By Dorothy Kosich
Standard & Poor’s Ratings Services has lowered its price assumptions for nickel and aluminum for the rest of this year, noting that “most metals prices are unlikely to fall much further under our base-case scenario for 2012.”
“Our revised assumptions take into account the notable decline in spot prices for nickel and aluminum since our last update in January 2012, continued oversupply in the two markets, and the currently uncertain global economic outlook,” wrote S&P Credit Analysts Andrey Nikolaev and Marie Shmaruk in an advisory note published Thursday.
