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S&P drops copper price forecasts

S&P Global Ratings has cut its 2020 outlook for copper prices due to diminishing global trade flows and expected slower economic growth.

S&P drops copper price forecasts S&P drops copper price forecasts S&P drops copper price forecasts S&P drops copper price forecasts S&P drops copper price forecasts

It lowered its outlook for the red metal for the rest of this year to US$5,900 per tonne from $6,300/t.

Copper is currently sitting at around $5,750/t.

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