Citibank Expects Lower Copper and Nickel Prices in Q1 2023

SHANGHAI, Oct 9 (SMM) - Citibank expects copper and nickel prices to fall to $6,200/mt and $18,000/mt, respectively, in the first quarter of 2023. The bank also downgraded its previous neutral view on aluminum and zinc, predicting that the prices of the two metals will be $2,000/mt and $2,500/mt in the first quarter of 2023.