Metals News
Bank of America Merrill Lynch raises its price forecast for metals such as copper and aluminum this year and next
translation
07:46AM
Source:Wenhua Finance and Economics
The content below was translated by Tencent automatically for reference.

SMM News: on Aug. 16, Bank of America Merrill Lynch cut its copper price forecast for 2019 from $6395 to $6033 a tonne and from $6500 to $5750 in 2020.

Bank of America Merrill Lynch cut its forecast for aluminium to $1792 a tonne in 2019 from $1830 and to $1830 in 2020 from $1900.

It also cut its lead price forecast for 2019 to $1979 a tonne, down from a previous forecast of $2017, and from $2181 to $1995 in 2020.

The bank raised its forecast for nickel to $14158 a tonne in 2019 from $13033 a tonne and to $17374 in 2020 from $15693.

The bank cut its forecast for zinc to $2541 a tonne in 2019 from $2616 a tonne and to $2250 in 2020 from $2347.

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Bank of America Merrill Lynch
copper
aluminum
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