Commodities

Commodity Roundup: BMI ups copper price forecast to $9,600; oil steady after selloff

Copper wire, metals industry component

FactoryTh

BMI (a unit of Fitch Solutions) increased its 2024 copper price forecast from $9,200/tonne to $9,600/tonne, as prices continue to be led by investor sentiment that is tilted towards a rate cut by the U.S. Federal Reserve in the third quarter.

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