HSBC revises higher forecasts for "the bulks" (iron ore and met coal) and copper, whilst most other metals see downward revisions
- Platinum, rhodium, zinc, and copper are preferred metals
- Iron ore, coking coal remain least preferred
- Gold moved from neutral to least preferred.
- Cuts 2024-2027 average nickel price forecast by 1-12%.
- Expects LME aluminium to stay rangebound, maintains 2024/25 LME price assumptions of USD 2,300-2,400/t.
- Raise 2024-2027 copper price forecast by 1-7% on expectations of lower surplus during the period.
17 Jan 2024 - 11:36- Metals- Source: Newswires
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