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<Research>G Sachs Expects Copper Price to Hover at USD10-11K per Ton
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Goldman Sachs has issued a research report estimating copper prices to hover between USD10,000 and USD11,000 per ton in light of resource constraints and structural demand growth in key industries. Considering the shutdown of the Grasberg mine in Indonesia, US interest rate cuts, and further depreciation of the USD, the broker raised its 2026 copper price forecast from USD10,000 to USD10,500 per ton, but maintained its 2027 forecast at USD10,750 per ton. For the remainder of 2025, Goldman Sachs predicted copper prices to remain at the USD10,000 level. AAStocks Financial News |
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