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Jefferies hikes commodity price forecasts…again

US investment bank Jefferies has upped its commodity price forecasts for the second time in as many months, spurred by a belief that “a rising tide should lift all boats”.

Jefferies hikes commodity price forecasts…again Jefferies hikes commodity price forecasts…again Jefferies hikes commodity price forecasts…again Jefferies hikes commodity price forecasts…again Jefferies hikes commodity price forecasts…again

Jefferies has lifted its commodity price forecasts once again

Given the LME copper price rallied to an almost 10-year high on Tuesday, it is no surprise Jefferies continues to push the red metal as its "preferred" commodity.