ET reported that investment bank Goldman Sachs cut its 12 month copper price forecast to USD 8,000 per tonne from USD 9,000 per tonne reflecting its concerns over demand for the metal from the Chinese construction sector in late 2013 and 2014.

To reflect the weaker than anticipated global demand environment over the year to ate, Goldman said it moderately downgraded its 3, 6 and 12 month aluminium, nickel and zinc forecasts.

Source - Economic Times

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