Fitch cuts copper forecasts to $2.41 in 2020 and $2.63 2021Yesterday (April 6), Fitch Ratings cut its short-term price assumptions for copper as a result of considerably lower economic activity, reducing price forecasts to $5,300 a tonne ($2.41 per lb) this year and $5,800 per tonne ($2.63 per lb) in 2021.