Standard Chartered Bank said that it would lower the price forecast of base metals. Among them, the average nickel price will be US$25,047/ton in 2022 and US$21,550/ton in 2023. The price of aluminum will be US$2,821/ton in 2022 and US$2,713/ton in 2023.

The average zinc price was estimated to be US$3,520/ton in 2022 and US$3,417/ton in 2023, and the price of tin will be US$33,040/ton and US$28,725/ton in 2022 and 2023, respectively.

Besides, the copper price was forecasted to be US$7,675/ton in the second half of this year, US$8,715/ton in 2022, and US$7,800/ton in 2023.