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Goldman Sachs maintains 2026 copper price, surplus forecasts
Goldman Sachs on Tuesday maintained its forecast for the copper price to average $12 650 per metric ton this year and its estimate of a 490,000-ton 2026 surplus for the metal. However, the bank flagged risks to copper supply from potential sulphuric acid shortages should disruption to shipping through the Strait of Hormuz continue. The bank said the disruption, combined with China's decision to ban sulphuric acid exports from May 1, could tighten a market critical for copper production. Sulphur and sulphuric acid are key inputs for solvent extraction and electrowinning, a process that accounts for 17% of global ... (full story)
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- Apr 21, 2026 10:15pm Posted byFundamental Analysis289
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