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Metal price forecasters bet on reversion to mean

The pattern of investment bank metal price forecasts is biased to mean reversion with less emphasis on likely movements in market balances.

Metal price forecasters bet on reversion to mean Metal price forecasters bet on reversion to mean Metal price forecasters bet on reversion to mean Metal price forecasters bet on reversion to mean Metal price forecasters bet on reversion to mean

Investment bank metal price forecasts are influential. They frame expectations for investors. They also dictate what companies should assume about the future viability of projects.