Bank of America Cuts Its Projections for Copper Price and Anticipates the End of Lithium Rally
2 Articles
2 Articles
The institution believes that the lithium bull market may be coming to an end, applying a sharp cut in its estimate for the price in 2027. As for copper, the adjustment in perspective is mild and maintains its diagnosis that there is a "resilient" demand in combination with restricted supply.
Bank of America (BAC) lowered its forecasts for most metals by considering that the market faces a less favourable outlook over the coming months.See more: El Niño is already coming and threatening to shake inflation, stock exchanges and raw materialsThe entity attributes the adjustment to a combination of a more restrictive US monetary policy, a strengthened dollar and a macroeconomic context that continues to limit manufacturing activity, alth…
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