Fitch Ratings has increased medium-term and mid-cycle price assumptions for aluminium and zinc in March, due to higher demand and tight supply expectations. Fitch also raised short- and medium-term assumptions for iron ore and metallurgical coal, and the 2024 assumption for copper, largely reflecting supply-side constraints. Increased gold assumptions for 2024-2026 are due to the higher geopolitical premium. The reduced 2024-2025 nickel assumptions reflect market oversupply. We also added price assumptions for 2027 to the set. The report “Global Corporates Macro and Sector Forecasts – March 2024” is available here ... (full story)