S&P cuts metals price forecasts, to review miners' ratings

Standard & Poor's warned on Monday it was likely to revise the credit ratings for some miners over the next week after cutting its price forecasts for aluminium, copper, zinc, nickel and gold and said it expected prices to remain volatile. The rating agency slashed its nickel forecasts the most, by nearly 25 percent to $5 a pound for the rest of 2015 and $5.50 a pound in 2016, which could affect ratings for Brazil's Vale and Russia's Norilsk Nickel's. S&P cut its aluminium price forecast