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Nickel and platinum to shine in 2020, says BAML

Nickel and PGMs set to be winners, while coal and iron likely to suffer.

Elliott Holley
While gold's gains are expected to be modest without geopolitical tailwinds, other commodities look set to pick up in 2020 and 2021

While gold's gains are expected to be modest without geopolitical tailwinds, other commodities look set to pick up in 2020 and 2021

BAML forecasted nickel prices would hit $17,375/t next year and $20,000/t by 2021, on the back of demand for EVs and Indonesia's ore export ban. On 3 December, the price was $13,595/t. However, the bank...

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