Fitch Ratings Increases Most Near-Term Metals and Mining Price Assumptions

AI Summary

Fitch Ratings has raised its near-term price assumptions for most metals and mining commodities, reflecting current market prices and supply-demand factors. The revised 2026 copper price forecast accounts for stronger demand despite slower energy transition policies in some developed regions.

Fitch Ratings has increased most of its near-term metals and mining price assumptions, reflecting year-to-date prices and commodity-specific supply and demand drivers. The increased 2026 copper assumption reflects higher year-to-date prices. We continue to incorporate healthy demand, despite a slowdown in the implementation of energy transition policies in some developed markets, while the pace of ...