Fitch BMI Lowered Forecast for Copper Prices This Year From $9,000/mt to $8,800/mt

Recently, many institutions and mining giants have expressed their views on copper prices and copper supply and demand. Citing Australian resources and investment news, a report released this week by BMI under Fitch Solutions showed that it lowered its forecast for copper prices in 2023 from an average of $9,000/mt ($4.08/lb) to $8,800/mt ($4/lb).

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