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Citi is 'outright bearish' on metals, except gold

The real physical pressure on metals due to the COVID-19 outbreak could still yet to be felt, according to Citi.

Citi is 'outright bearish' on metals, except gold Citi is 'outright bearish' on metals, except gold Citi is 'outright bearish' on metals, except gold Citi is 'outright bearish' on metals, except gold Citi is 'outright bearish' on metals, except gold

"We remain cautious if not outright bearish in the very near-term, expecting copper to trade down to US$5300/t, nickel down to $12,000/t, and iron ore down to $70/t," it said.

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