The Globe and Mail reports in its Friday, June 2, edition that Raymond James analysts, in a research report released Friday, lowered their expectations for base metals. The Globe's David Leeder writes that the analysts say in a note: "On base metals, the most significant change was a decrease in our copper price forecasts in 2023 reflecting a more uncertain outlook related to China demand and general recession fears. We have also decreased our price forecasts for nickel and zinc in 2023 for similar reasons. We have also made small changes in our 2023 iron ore price forecasts to reflect current market conditions." On base metals they say in a note: "Target prices have generally been adjusted downward reflecting lower price forecasts. We continue to favor Ivanhoe Mines and Teck Resources amongst the base metals producers given both have near term copper growth, long mine lives and potential catalysts at the other assets and Altius Minerals given potential catalysts. We also note Ero Copper has organic growth on the horizon with the Tucuma project expected to enter production in 2024. We also remain constructive on uranium and recommend Cameco, Nexen Energy and Denison Mines."