Natixis cuts 2009 base metals price forecasts

Newswire

LONDON, Feb 17 (Reuters) - Natixis commodity markets said on Tuesday it has cut its 2009 forecasts for prices of industrial metals because of weak demand, rising stocks and producers slow to cut output in response to lower prices.

The company's average price forecast for cash copper this year is now $2,900 a tonne compared with $5,206 a tonne in a Reuters survey carried out in January.

"Concerns over a potential tightness of supply as a result of disruptions ... have ...

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