Goldman Sachs revises 2026 nickel price forecast to USD 17.2k/T (prev. USD 14.8k/T)
Newsquawk Staff ·
Goldman Sachs revises 2026 nickel price forecast to USD 17.2k/T (prev. USD 14.8k/T)
What it means
Goldman Sachs' upward revision of the 2026 nickel price forecast reflects a bullish outlook on demand and supply dynamics in the nickel market. This adjustment may indicate increased confidence in the growth of electric vehicle production and renewable energy technologies, which heavily rely on nickel. Traders should consider how this shift could impact related markets, including other base metals, equities tied to mining, and commodities-linked currencies.
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