OREANDA-NEWS. October 07, 2015. Fitch Ratings has updated its mid-cycle commodity price assumptions for several key metal commodities. These price assumptions are used in Fitch's projections of future operational performance and financial profiles.

The current assumptions report includes downward revisions for copper, aluminium, nickel and zinc prices; prices for iron ore and gold are largely unchanged.

Fitch's metals assumptions are not meant to be price forecasts. Rather they are intended to reflect a more conservative view of future price levels for modelling and rating purposes.