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Home / Metal News / Goldman Sachs Lowers Medium-Term Price Forecast for Base Metals

Goldman Sachs Lowers Medium-Term Price Forecast for Base Metals

Nov 6, 2015 11:59

Source:SMM

Goldman Sachs slashed its medium-term forecast for base metals, citing cost deflation and weak demand, wallstreetcn.com reports.

SHANGHAI, Nov. 6 (SMM) - Goldman Sachs slashed its medium-term price forecast for base metals, citing cost deflation and weak demand, wallstreetcn.com reports.

The institution sees no turnaround in mining commodity prices due mainly to cost deflation, which is a result of a strong US dollar, falling energy prices, lower input cost and improvement in mining productivity expected.

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