(Reuters) - "For nickel, we're likely to see upside price risk for the next two quarters with some of the price pressures alleviated by the end of the year," Jason Schenker, economist at Wachovia Corp. told secondary metal market participants at the Institute of Scrap Recycling Industries' spring conference.
Schenker forecast a 2007 average benchmark London Metal Exchange nickel price of $43,309 a ton, slipping to a $36,000 average in 2008 with the addition of new supply.
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