Elsewhere, BMI, a unit of Fitch Solutions has revised up its 2024 aluminum price forecast to $2,450/tonne from $2,400/tonne, hoping that prices will rise from the current average, driven by a ...

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IEA Lifts 2024 Oil Demand Forecast But Trims 2025 Projections

The International Energy Agency raised its forecast for this year’s oil-demand growth but slightly trimmed next year’s estimates, citing the impact of China’s economic slowdown on consumption.

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Copper bull Citi slashes forecasts amid Trump ‘growth shock’

The broker cut its price target by 10 per cent amid fears that higher US tariffs and underwhelming Chinese stimulus will delay a recovery in manufacturing.

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Oil prices edge down, forecasts for higher oil output, weak demand growth weigh

Oil prices dropped slightly early on Thursday on expectations of higher global production amid forecasts for weak demand growth, while a firmer dollar also kept a lid on prices.

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OPEC again cuts 2024, 2025 oil demand growth forecasts

OPEC cut its forecast for global oil demand growth this year and next on Tuesday, highlighting weakness in China, India and other regions, marking the producer group’s fourth consecutive downward ...

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