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Goldman Sachs cut 3-month base metals forcast
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It's reported that Goldman Sachs announced on June 11st to slash its forecast on base metals in the next 3 months, due to debt crisis in the euro zone and stronger dollars.
For LME 3-month price forecast, GS cut copper price from US$9,000/ton to US$8000/ton, aluminum from US$2,400/ton to US$2,200/ton, nickel from US$18,600/ton to US$17,000/ton, zinc from US$2,200/ton to US$1,950/ton.
However, the bank still expects improvement in the macroeconomic environment will support base metals prices in the second half.
News Date
6/14/2012 2:40:02 PM
reported by
Susan Ni
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