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Base metals rally just another dead cat bounce?

Bank lowers price forecasts but thinks optimistic view sustainable

Jacqueline Holman
Forecast aluminium deficits have been trimmed, as have ICBC Standard Bank's price forecasts. Image: iStock/happylemon

Forecast aluminium deficits have been trimmed, as have ICBC Standard Bank's price forecasts. Image: iStock/happylemon

The bank's commodities strategist Marcus Garvey said in a note Friday that price forecasts had been revised lower across the board to reflect a mark-to-market exercise rather than supply-demand model changes. ...

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