Metals Price Forecasts by Bank of America: Zinc, Gold, Silver, Uranium, Palladium, Copper, and Aluminium
Tuesday, 9 April 2024, 09:17
Metals Price Forecasts by Bank of America
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 prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.