It was reported that Bank of America lowered its forecast of average prices of copper, lead, and nickel for 2021.

According to the bank’s prediction, the average price of copper for 2021 will be around US$9,868/ton, dropping by 6.7% from the previous forecast; that of lead will be US$2,070/ton, down by 0.1% from the prior forecast; that of nickel will be roughly US$17,436/ton, a decrease of 0.1% compared to the previous expectation.