It's reported that Barclays Capital cut the forecast for 2013 nickel and copper prices due to weak demand.
It's known that Barclays Capital cut the forecast for copper prices by 6.6% to US$7,925/ton. Also, it reduced the forecast for nickel prices to US$17,750/ton for 2013.
Besides, the analyst predicted that the copper will be oversupplied due to poor demand.