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Home / Metal News / BofA Cuts Price Forecast For Most Commodities Including Copper, Lead, Zinc and Nickel for 2023 and 2024

BofA Cuts Price Forecast For Most Commodities Including Copper, Lead, Zinc and Nickel for 2023 and 2024

Jul 7, 2023 18:17

Source:SMM

BofA Global Research lowers its price forecasts for most commodities in 2023:

BofA Global Research lowers its price forecasts for most commodities in 2023:

The nickel price forecast in 2023 was lowered to $22,063/mt from the previous forecast of $23,222/mt; the nickel price forecast in 2024remained unchanged at $21,250/mt.

The copper price forecast was lowered to $8,788/mt in 2023, from a previous forecast of $9,427/mt; the copper price forecast was lowered to $9,750/mt in 2024, from a previous forecast of $9,875/mt.

The zinc price forecast in 2023 was lowered to $2,603/mt from the previous forecast of $2,905/mt; the zinc price forecast in 2024 was lowered to $2,375/mt from the previous forecast of $2,500/mt.

It lowered its forecast for lead prices in 2023 to $2,087/mt from a previous estimate of $2,108/mt.

Market forecast

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