JPMorgan forecasts rise in copper, aluminium prices in second half of year
ReutersMay 15, 2025 5:01 AM
May 15 (Reuters) - JPMorgan on Wednesday forecast copper prices to average $9,225 a metric ton in the second half of this year and aluminium to average $2,325.
"Better-than-expected U.S.-China trade reprieve reduces recession probabilities, diminishing downside tail risks to both base metals demand and prices," JPMorgan said in a client note.
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