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Goldman: $10,000 Is New Price Floor For Copper
Copper futures on the London Metal Exchange are near record highs as traders weighed supply disruptions at major mines, the Federal Reserve's interest rate outlook, the ongoing U.S. government shutdown, and demand outlooks tied to power grid upgrades and AI-related growth. Focusing on copper prices, a team of Goldman analysts led by Eoin Dinsmore told clients on Monday that the industrial metal is entering a new structural price range of $10,000 to $11,000 per ton. Dinsmore's thesis is clear: We believe that the copper price is resetting in a new range of $10,000-$11,000/t - a range copper has never held for longer ... (full story)
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- Oct 8, 2025 10:40am Posted byFundamental Analysis219
