UBS Optimistic on Nickel and Other Mining Stocks

Reuters reported that UBS Investment Research has recommended buying of selected mining stocks such as nickel, citing the soaring prices of nickel as well as an encouraging macroeconomic environment.

As reported in the market news:

“We believe there is upside to nickel and thermal coal prices from current spot levels,” UBS analyst Andreas Bokkenheuser wrote in a note on Wednesday.

Bokkenheuser expects a supportive macro environment after the first quarter of 2013 which could fuel demand for coal, nickel and other industrial commodities.”

Click here to read the full Reuters report.