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Goldman Sachs raises first-half copper price forecast
Goldman Sachs raised its copper price forecast for the first half of 2026 to $12 750 a metric ton from $11 525 a ton on Thursday, citing a scarcity premium amid limited inventory coverage outside the United States. Benchmark three-month copper on the London Metal Exchange fell 0.5% to $12,831 per metric ton by 1310 GMT, after scaling a record high of $13 387.50 on Tuesday. US Comex copper stocks continued rising while LME copper stocks kept declining, driven by US tariff concerns, which in turn has raised the risk of tighter refined copper availability outside the United States. However, the bank noted that a ... (full story)
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