According to foreign news on May 22, the well-known investment bank Goldman Sachs said on Monday that it lowered its forecast for aluminium prices in 2023 from $2,700/mt to $2,431/mt. It also lowered its forecast for copper price to $8,689/mt from $9,750/mt.
Goldman Sachs said it still expects its 12-month price targets - $2,850/mt for aluminium and $10,000/mt for copper -- to "eventually materialise".
Goldman Sachs emphasised that nickel prices could fall sharply due to a surge in supply from Indonesia and China, with a 12-month price target of $16,000/mt.
Zinc prices are expected to continue to be priced according to the cost curve, with a 12-month price target of $2,000/mt, as the supply shortage is expected to end this year.
Commodity Price Bubble Finally Burst, but Metals Demand Will Surge
Glencore to Massively Expand Copper Capacity
SMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke Surged
Commerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024
Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies Ahead
![Цены на медь резко упали, и потребители не спешили закупать больше, опасаясь дальнейшего снижения [SMM, спотовая медь в Южном Китае]](https://imgqn.smm.cn/usercenter/HAuaN20251217171710.jpg)
![Фьючерсы откатываются, высвобождая жёсткий спрос, премии в Северном Китае слегка растут [SMM Северный Китай, спотовая медь]](https://imgqn.smm.cn/usercenter/pJSbE20251217171713.jpeg)
