It is reported that Morgan Stanley is expected to raise its 2014 forecast of nickel prices by 2% to US$18,044/ton.

Meanwhile, the bank will remain its forecast of copper price at US$6,939/ton in 2014. In 2015, the forecast of copper price is expected to drop by 3% to US$7,176/ton.

Morgan Stanley also increased the forecast of price for aluminum up by 3% to US$1,893/ton in 2014 and increase further by 8% to US$2,072/ton in 2015.