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

Published: Oct 23, 2023 17:30

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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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