By Purchasing Staff -- Purchasing, 8/13/2009 2:00:00 AM EDT
CPM group has boosted its 2009 nickel price forecast to $7.06/lb because of an expected prolonged shutdown at the nickel and copper mines operated by Vale Inco in Sudbury, Ontario. The consensus forecast for nickel prices this year from a half-dozen other market analysts is $5.63, but that was calculated before the market price average for July rose to $7.13.
