Nickel – MetalMiner reported that Barclays has downgraded its 2014 London Metal Exchange (LME) nickel price outlook to about $14,000 per metric ton (MT); that's down from its previous forecast from $18,000 per MT.
Articles Tagged "forecast"
Commodities may have broken out of a commodity supercycle and could be hitting a cyclical trough. Lisa Morrison, the principal consultant of CRU Group in Philadelphia, analyzes the price outlook for 26 commodities over the next four years and gives them a temperature rating from hot to freezing. In this interview with The Metals Report, Morrison, using this rating methodology, details which commodities she expects to offer the best upside for investors and which to avoid.
With the TSX Venture Exchange continuing to decline, many investors are wondering whether they should sell, hold on for the next rise or buy to take advantage of low prices. Here are the opinions of leading experts Rick Rule, Lawrence Roulston and Mickey Fulp.
Silver – The silver market is reportedly in surplus and many miners are expecting to see supply increases.
The annual mining conference opened with experts predicting a mixed near-term outlook for resources, but stating that underlying trends should fuel demand in the long run.
Iron – Prices have hit both 15-month highs and three-year lows in the last five months, leaving investors wondering what’s next.
Potash – Falling phosphate prices reduced Mosaic's profits in the most recent quarter, but Jim Prokopanko, the company's CEO, expects 2013 to bring "record global phosphate shipments."
Silver – Reuters reported that Peru's Volcan Compania Minera SAA (OTC Pink:VCANF) expects its silver production to rise to 30 million ounces next year. That would amount to an increase of 40 percent.
Oil – Bloomberg reported that the price of oil dropped after the International Energy Agency reduced its outlook for global oil demand by 100,000 barrels per day for 2012 and 2013. The organization anticipates that world oil demand will be 89.7 million barrels per day this year and 90.5 million barrels next year.
Gas – With the US “shale revolution” well and truly underway, gas looks set to be just as cheap and abundant in 2012 as it was in 2011.