Standard & Poor's raises global nickel and copper prices to 2020
Date：2018-07-12 05:14:55 Visit：1564
According to the report, the S&P global rating agency raised its price expectations for nickel and copper. Nickel prices have risen by 8% from previous estimates, and prices will hit $14,000/ton in 2020, mainly due to the decline in production of some of the world's major nickel producers, the growth of China's stainless steel production, and the rapid growth of electric vehicles.
By 2020, copper prices will rise by 3% to $7,000/ton, reflecting concerns about copper supply shortages and the prediction that “the world's largest economy, especially China's industrial demand continues to be strong”. The main risk of S&P for this hypothesis is based on the rise in interest rates and the tension between China and the US.
By 2020, copper prices will rise by 3% to $7,000/ton, reflecting concerns about copper supply shortages and the prediction that “the world's largest economy, especially China's industrial demand continues to be strong”. The main risk of S&P for this hypothesis is based on the rise in interest rates and the tension between China and the US.
