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Friday, October 12, 2018 - 2:16:03 PM
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Mining News Pro - Analysts at Raymond James are lowering their forecasts for zinc and copper prices.
According to Mining News Pro -Analysts at Raymond James are lowering their forecasts for zinc and copper prices.
For the fourth quarter, the analysts have changed their zinc price forecast to US$1.20 per lb. from US$1.40 per lb., and for 2019 they have trimmed their target price from US$1.30 per lb. to US$1.20 per lb. In 2020 they forecast a zinc price of US$1.10 per lb., down from their previous estimate of US$1.20 per lb.
For copper, the analysts have decreased their price target in the fourth quarter from US$3.20 per lb. to US$3.00 per lb., and for 2019 from US$3.25 per lb. to US$3.10 per lb. In 2020 they forecast a copper price of US$3.20 per lb., up from their previous estimate of US$3.00 per lb.
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https://www.miningnews.ir/En/News/279336
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