Metals forecasts by BofA ...Middle East

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Metals forecasts by BofA
source : forex live ( Middle East ) () 44
Expect a zinc deficit this year as mine supply is likely to disappoint.Gold and silver to rally above $3,000/oz and $30/oz over the next 12 months.Constructive on uranium as years of inventory drawdowns are compounding.Palladium prices set to trend lower; given palladium demand is dominated by auto catalysts, it should also underperform platinum.Expects copper and aluminium to rise to an average of $12,000/t and $3,250/t by 2026. This article was written by Arno V Venter at www.forexlive.com.

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