Higher Prices Expected... but Later in the Cycle
March 15, 2021
-
LME prices reached HARBOR’s $2,200 per mton target as anticipated. In February, LME prices rallied to as high as $...
-
However, LME prices above $... per mton seem unsustainable for now. We continue to see LME prices likely range-trading further within the $...
-
We see LME prices rallying to as high as $... per mton, but later in the cycle. In our baseline scenario, we see the current price rally taking a break in...
-
After almost a year of being bearish, Consensus forecast for 2021 is finally in line with HARBOR’s view. HARBOR’s base forecast for average LME prices...