Metals News
Bank of America Merrill Lynch: Bullish at Base Metals Market in 2018
industry news
10:34AM
Source:SMM

SHANGHAI, Nov.22 (SMM)-Bank of America Merrill Lynch raises anticipated price of aluminium in 2018 to $1.08 per pound (previous anticipation is $0.94 per pound) and raises anticipated price of copper in 2018 to $2.96 per pound (previous anticipation is $2.84 per pound). It estimates bottom price of metallurgical coal will reach $140 per tonne and iron ore market will keep tense, which means its average price will be $65 per tonne.


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