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Long-term pricing: a moving target

Recent months have seen analysts revising down their price forecasts for metals and minerals. Nothing strange about that you might think. The economic outlook has taken a turn for the worse and analyst price forecasts always have a tendency to chase actual prices down in weak markets just as they tend to chase them up in strong ones.

Long-term pricing: a moving target Long-term pricing: a moving target Long-term pricing: a moving target Long-term pricing: a moving target Long-term pricing: a moving target

Crystal ball gazing: miners and investors struggle to forecast future prices using 'normal' economic parameters

What may be slightly more puzzling is that, along with revisions to prices for 2016, analysts have also been revising down their forecasts for long-run prices. How can this be? A long-run price ...