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Metal price forecasts slashed due to 'weak global demand'

COPPER will not return to its 2020 highs this year, according to BMI, as it trimmed its 2023 average price outlook, but the company remains bullish for the years to come.

William Clarke
Metal price forecasts slashed due to 'weak global demand'

BMI forecast the 2023 average copper price at US$8800/t, from $9000/t forecast previously. Copper is currently trading in London at around $8400/t. The company also cut nickel price prospects in the short...

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