Freeport-McMoRan Unit Receives And Resolves MSHA Imminent Danger Order At Arizona Morenci Mine

Benzinga05:45

NVIDIA quietly revises paper errors, reevaluation of copper demand in data centers

After NVIDIA was criticized for an error in its copper demand forecast for data centers in a previous technical report, it quietly revised the figures, reducing the estimated copper busbar usage for traditional racks from 500,000 tons per gigawatt to 200 tons. This revision may indicate that some prior expectations regarding copper consumption by data centers were significantly overstated. On Thursday, copper prices retreated from record highs, falling by as much as 2%.

cls.cnJan 16 11:00

This investment bank’s latest commodity outlook: 'Tactically bullish' on crude oil and precious metals, 'structurally bullish' on aluminum, and copper prices 'may peak within a month.'

Citi's research report indicates that the commodities market is at a turning point. Crude oil is expected to reach a short-term target of $70 per barrel driven by geopolitical factors, but faces long-term pressure from oversupply. Precious metals are bullish, with silver targeting $100 per ounce and gold $5,000 per ounce. Among industrial metals, aluminum presents the most opportunity due to supply shortages, with a target range of $3,400-$3,500 per metric ton. Copper prices are projected to reach $14,000 per metric ton, but January may mark the peak for the entire year.

wallstreetcnJan 15 18:18

Copper Will Go 'Parabolic': Chamath Predicts A Squeeze

BenzingaJan 15 08:13

Ero Copper Analyst Ratings

BenzingaJan 15 01:37 · Ratings

How long will the copper bull market last? Goldman Sachs: The high price of 13,000 is unsustainable, and the turning point may occur after the second-quarter tariff implementation.

Goldman Sachs warned that the recent surge in copper prices above $13,000 has significantly deviated from fundamentals, primarily driven by stockpiling triggered by expectations of U.S. tariffs and speculative capital inflows. Although the forecast for the first half of 2026 has been revised upward to $12,750 in the short term, it is expected that as tariff-related uncertainties are resolved in the second quarter, the market will return to the reality of a severe global supply surplus, posing significant downside risks for copper prices.

wallstreetcnJan 14 19:42