Goldman Sachs Slashes Price Forecast for Zinc and Lead 2015-2016

SHANGHAI, Oct. 9 (SMM) - Goldman Sachs lowered its outlook for zinc and lead prices for this and next year October 8, according to Ifeng News.

The bank cut its forecast of zinc prices this year from an average of $2,155 per tonne to $1,951 per tonne, and that for 2016 was lowered from $2,383 per tonne to $1,700 per tonne. The outlook for lead prices this year was lowered from $1,877 per tonne to $1,779 per tonne, while that for next year was dropped from $1,877 per tonne to $1,650 per tonne.

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