Goldman Sachs: Copper is currently the most underrated commodity

Goldman Sachs believes that global copper inventories may reach the lowest level in history by the end of the year. It is expected that the copper market will experience serious supply and demand imbalances, and raise the copper price forecast to 10,500 US dollars/ton by the end of the year.

華爾街見聞Oct 12, 2021 21:18

Express News | LME copper prices continued to decline, falling below $9,000 per ton, the first time below $9,000 since April 14.

BreakingsAug 19, 2021 14:38

Don't be afraid of Delta, Goldman Sachs continues to push for copper prices.

Goldman Sachs continues to be bullish on copper prices, saying that three copper prices are expected to rise to $10500 a tonne in the next three years as the market for refined copper is tight. Goldman Sachs said re-inflationary trading in copper had slowed due to the Delta virus. But from a fundamental point of view, the fundamental supply of copper has been quietly tightening. Evidence from the recent epidemic blockade at the macro and micro levels indicates that the negative impact of Delta on metal demand trends is very limited, while household terminals have increased demand for metal-containing commodities. From a fundamental point of view, Goldman Sachs believes that as global copper stocks continue to decline, there will be 430000 tons of refined copper in the second half of this year.

華爾街見聞Jul 28, 2021 22:44