Fitch raises 2024 copper and zinc price forecasts

PRICE ADJUSTMENTS: In its latest report, Fitch raised its 2024 copper and Australian power coal price estimates, along with its 2025-2027 zinc estimates,

 but lowered its platinum and palladium estimates.

Reasons for analysis: Lithium and cobalt prices were revised downwards due to the slower-than-expected penetration of electric vehicles, while zinc 

prices were revised upwards on the back of increased demand in the medium term.

MARKET OUTLOOK: Fitch's forecasts provide positive signals for the copper and zinc markets, which could further influence investor decision-making.