BASE METALS

Citi prefers gold over copper

INVESTMENT bank Citi has updated its commodity forecasts for the last part of 2022 and the first half of 2023.

 Image: iStock/Oselote

Image: iStock/Oselote

Analysts are bearish on copper, downgrading their three-month forecast price from US$7500 per tonne (which is around current levels) to just $6200/t or $2.80 per pound. "We have been bearish on copper...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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