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Home / Metal News / Bank of America Lowers copper, aluminum and nickel price forecasts for this year and next

Bank of America Lowers copper, aluminum and nickel price forecasts for this year and next

Oct 23, 2023 17:30

Source:文华财经

According to foreign news on October 18, Bank of America (BofA) said in a report that it would lower its copper, aluminum and nickel price forecasts for this year and next.

According to foreign news on October 18, Bank of America (BofA) said in a report that it would lower its copper, aluminum and nickel price forecasts for this year and next.

The report lowered the 2023 aluminum forecast to US$2,268/ton and the 2024 price forecast to US$2,688/ton.

The report lowered the copper price forecast for this year and next to US$8,442/ton and US$9,250/ton respectively.

The report lowered the nickel price forecast for this year and next to US$21,786/ton and US$20,250/ton respectively.

The report raised the lead price forecast in 2023 to US$2,156/ton, and maintained the lead price forecast in 2024 at US$2,000/ton.

The report raised the zinc price forecast in 2023 to US$2,648/ton, and maintained the zinc price forecast in 2024 at US$2,375/ton.

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