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JPMorgan Sees Base Metals Prices Falling in Q2 and Sustained Recovery in 2024
Mar 28, 2023 09:49Source:SMM
“In our forecast for base metals price this year, we have factored in a mild recession in the US later this year and a stronger growth environment in China in 2023,” an analyst at JPMorgan said.
SHANGHAI, Mar 28 - “In our forecast for base metals price this year, we have factored in a mild recession in the US later this year and a stronger growth environment in China in 2023,” an analyst at JPMorgan said.
While we expect base metals prices to decline in the quarter ahead, we do not expect a sharp downward correction and we still forecast a more sustained recovery in 2024."
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