MB APEX Q4 2013 BASE METALS: Copper

Bank of America Merrill Lynch (BAML) has taken first place on the Metal Bulletin Apex leaderboard for its copper price predictions in the fourth quarter of 2013.

The MB Apex leaderboard shows which analysts were most accurate in their predictions for prices on the London Metal Exchange.


The MB Apex leaderboard shows which analysts were most accurate in their predictions for prices on the London Metal Exchange.


Bank of America Merrill Lynch (BAML) has taken first place on the Metal Bulletin Apex leaderboard for its copper price predictions in the fourth quarter of 2013.

For the three months ended December 31, BAML achieved 99.34% accuracy for its copper price predictions, and Deutsche Bank came in second with 99.26%.

The team at Macquarie took joint third place with ABN Amro, with 98.64% accuracy, narrowly beating Cailey Barker, of Numis, who came in fifth with 98.63%.

Click on the image above to view a full-screen presentation of the leaderboard; the chart showing the average of analysts’ forecasts weighted by the accuracy of previous forecasts, the unweighted average of analysts’ forecasts, the bull view and the bear view; the table showing the MB Apex average forecasts; and the table showing the MB Apex forecasts.

For all Apex results, click here

Claire Hack 
chack@metalbulletin.com
Twitter: @clairehack_mb 

What to read next
The most recent financial results published by base metals mining companies highlight just how inflation is affecting profit margins, with increasing wages, financing costs and input prices all hitting profits, sources told Fastmarkets in the week to Thursday March 28
Century Aluminum is among those selected to start award negotiations for up to $500 million in Bipartisan Infrastructure Law and Inflation Reduction Act funding to build a new aluminium smelter, the company said on Monday March 25
Participants in the copper concentrates market are struggling to comprehend an “unstoppable” decline in treatment and refinement charges (TC/RCs), with every week bringing spot deals at fresh lows and rumors each “crazier” than the last, sources have told Fastmarkets
The US Department of Energy selected five base metals projects to receive more than $900 million in federal investment from its Industrial Demonstration Program (IDP), leading to a reduction of four million tonnes of carbon dioxide emissions annually, according to a statement by the Department on Monday March 25
Aluminium producer and recycler Constellium announced on Tuesday March 12 that the company is moving to test hydrogen utilization at an industrial scale as a power source in its casthouses
Fastmarkets has corrected its MB-ALU-0002 alumina index, fob Australia and its MB-ALU-0010 alumina inferred index, fob Brazil, which were published incorrectly on Monday March 18.