according to foreign news on september 8, commerzbank lowered its year-end copper price forecast from us$9,000 per ton to us$8,800. platinum prices are expected to rebound to $1,100 an ounce by the end of the year, boosted by a record supply gap, the bank said. according to foreign news on may 31, commerzbank said it expected copper prices to be us$9,000 per ton at the end of 2023 and us$9,400 at the end of 2024. previous estimates were at $10,000. commerzbank had predicted at the end of 2022 that the global economy and commodity prices would not improve significantly until mid-2023. copper prices are expected to recover relatively modestly to $9,000 per ton in 2023.
