Metals price forecast cut
By Staff -- Purchasing, 2/14/2008
UBS analysts cited "softening demand growth" for industrial metals in reducing their 2008 price forecasts for aluminum, copper and zinc. Copper will average $3/lb ($6,614/metric ton), an 8% revision downward from an earlier forecast of $3.25.
| Previous forecast | New forecast | Change | |
| Copper | $3.25/lb | $3/lb | -8% |
| Zinc | $1.50/lb | $1.15/lb | -23% |
| Aluminum | $1.40/lb | $1.24/lb | -11% |
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