According to foreign news on October 18, Bank of America (BofA) said in a report that it would lower its copper, aluminum and nickel price forecasts for this year and next.
The report lowered the 2023 aluminum forecast to US$2,268/ton and the 2024 price forecast to US$2,688/ton.
The report lowered the copper price forecast for this year and next to US$8,442/ton and US$9,250/ton respectively.
The report lowered the nickel price forecast for this year and next to US$21,786/ton and US$20,250/ton respectively.
The report raised the lead price forecast in 2023 to US$2,156/ton, and maintained the lead price forecast in 2024 at US$2,000/ton.
The report raised the zinc price forecast in 2023 to US$2,648/ton, and maintained the zinc price forecast in 2024 at US$2,375/ton.
Source: news.metal.com
