A surge in the price of copper that began in late 2025 is likely to fade this year, but it may take several months and a key announcement from the US administration for prices to do so, according to Goldman Sachs Research. Copper prices on the London Metals Exchange (LME) rallied 22% from under $11,000 per tonne at the close of November to a record high of $13,387 on January 6. While Goldman Sachs Research expects the price to remain supported at $13,000 in the first quarter of the year, the team forecasts prices to decline to $11,000 per tonne by the end of the year. One key driver of the commodity’s price is likely ... (full story)