Goldman Sachs has raised its LME copper forecast for the second half of 2025 to an average of USD 9,890 per tonne, up from a previous call of USD 9,140. Copper is trading at 9,752 today and Goldman sees a peak price of 10,050 in 2025 driven by tariff-related stock drawdowns outside the US and sturdy Chinese demand.
Late in the year, they see a slide to 9,700 as seasonal restocking eases.
Goldman maintains a long-term call for 15,000 but the 2026 forecast was slightly trimmed to an average of 10,000 (versus 10,170), with a possible high of 10,350 as supply remains tight.
Eyes are on Cobre Panama and Kamoa-Kakula in the DRC due to shut-ins. Overall though, copper is a barometer on global growth and the global economy and the recent rally is a good sign for both the US and China.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about goldman sachs boosts h2 copper forecast by 750 tonne was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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