BofA says copper prices could slip below USD 6,000/tonne in the coming months

Zinc remains tighter amid a lack of mine supply growth; prices should stabilise above USD 2,500/tonnne.
2022 copper forecast has been lowered to USD 8,751/tonne from USD 9,999/tonne, 2023 cut to USD 7,250/tonne from USD 9,500/tonne.
2022 aluminium forecast has been lowered to USD 2,721/tonne from USD 3,315/tonne, 2023 cut to USD 3,563/tonne from USD 4,125/tonne.
2022 lead price forecast has been lowered to USD 2,029/tonne from USD 2,231/tonne, 2023 cut to USD 1,887/tonne from USD 2,297/tonne.
2022 nickel forecast has been lowered to USD 24,439/tonne from USD 34,097/tonne, 2023 cut to USD 18,750/tonne from USD 37,500/tonne.
2022 gold forecast has been lowered to USD 1,938/oz from USD 1,957/oz.
2022 silver forecast has been lowered to USD 21.04/oz from USD 27.75/oz, 2023 lowered to USD 20.0/oz from USD 32.50/oz.
2022 platinum forecast has been lowered to USD 1,943/oz from USD 2,304/oz, 2023 lowered to USD 1,740/oz from USD 2,076/oz.