【SMM Aluminium Flash News】Commerzbank raised its price forecasts for copper, aluminum, and zinc, but lowered its outlook for nickel.

Published: Nov 13, 2025 09:28

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Commerzbank recently released its latest price forecasts for base metals and energy products, reflecting a reassessment of the outlook for some key commodities. Regarding base metals, the bank significantly raised its price forecasts for copper, aluminum, and zinc. It is most optimistic about copper prices, raising its year-end target price from $9,600 per ton to $10,500 per ton. Meanwhile, its aluminum price forecast was raised to $2,900 per ton (from $2,600), and its zinc price forecast was raised to $3,000 per ton (from $2,800). However, the bank is relatively pessimistic about nickel, lowering its price forecast from $16,000 per ton to $15,000 per ton.

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