BRIEF-BofA's Metals Outlook For 2024, 2025

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Oct 1 (Reuters) - BANK OF AMERICA (BofA): * SEES ALUMINIUM PRICES AT $2,471/T IN 2024 AND AT $3,000/T IN 2025 * SEES COPPER PRICES AT $9,432/T IN 2024, AND $10,750/T IN 2025 * SEES LEAD PRICES AT $2,070/T IN 2024 AND $1,750/T IN 2025 * SEES NICKEL PRICES AT $17,387/T IN 2024 AND $17,625/T IN 2025 * SEES TIN PRICES AT $30,747/T IN 2024 AND $35,000/T IN 2025 * FORECASTS ZINC PRICES AT $2,764/T IN 2024 AND $2,688/T IN 2025 * RAISES GOLD PRICES FORECASTS TO $2,406/OZ FROM $2,365/OZ AND KEEPS 2025 FORECAST UNCHANGED AT 2,750/OZ * SEES SILVER PRICES AT $28.14/OZ IN 2024 AND $35.38/OZ IN 2025 * SEES PLATINUM PRICES AT $989/OZ FOR 2024, AND $1,000/OZ IN 2025 * SEES PALLADIUM PRICES AT $930/OZ FOR 2024 AND $700/OZ IN 2025 * "WE ARE ALSO MARKING TO MARKET FORECASTS, EXPECTING UPSIDE IN COPPER, ALUMINIUM, GOLD AND SILVER, BUT ARE CAUTIOUS BULKS" (([email protected];))
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Published Date
1 Oct 2024 at 5:56 PM
Publisher
Refinitiv
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