Commodity Roundup: BMI ups copper price forecast to $9,600; oil steady after selloff

Copper wire, metals industry component


BMI (a unit of Fitch Solutions) increased its 2024 copper price forecast from $9,200/tonne to $9,600/tonne, as prices continue to be led by investor sentiment that is tilted towards a rate cut by the U.S. Federal Reserve in the third quarter.


Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button