Core Viewpoint - Morgan Stanley has revised its price forecasts for aluminum, zinc, nickel, and lead for 2026, indicating significant changes in the metals market [1] Aluminum - The forecast for aluminum prices is set to reach $3,250 per ton by the second quarter of 2026 [1] Zinc - Zinc prices are expected to slightly decline to $2,900 per ton by 2026 [1] Nickel - Nickel prices are projected to fall to around $15,500 per ton, attributed to the balance between demand and supply growth [1] Lead - Morgan Stanley predicts that the average price for lead will be just above $2,000 per ton, influenced by high LME inventories indicating an oversupply in the market [1] Copper - A supply deficit of 260,000 tons is anticipated in the copper market for 2025, which is expected to increase to 600,000 tons in 2026 [1]