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Goldman Sachs Research: Copper prices to decline in 2026
Copper prices will decline somewhat in 2026 from their recent highs, according to Goldman Sachs Research, despite demand from the grid and power infrastructure, combined with limited growth in mine supply, gradually driving prices up over the longer term. The report notes that the London Metals Exchange (LME) copper price reached a record high of $11,771 per metric ton Dec. 8, propelled by fears of a looming supply shortage outside the U.S. However, the team is forecasting the LME copper price to average $10,710 in the first half of 2026, with pricing ranging from $10,000-$11,000 for the year in light of a global ... (full story)
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- Dec 12, 2025 4:03pm Posted byFundamental Analysis449
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