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<Research>G Sachs Raises 2026 Copper Forecast to USD11.4K per Ton on Refined Copper Tariff Delay
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Goldman Sachs has lifted its 2026 copper price forecast from USD10,650 per ton to USD11,400 per ton, given that authorities' current prioritization on corporate affordability has reduced the likelihood of refined copper tariffs being implemented in 1H26. In Goldman Sachs's estimate, the delayed tariffs may lead to a larger-than-expected supply-demand deficit in markets outside the US. Meanwhile, Goldman Sachs has kept its 2027 price forecast at USD10,750 per ton, anticipating that the London Metal Exchange copper prices will gradually decline once the tariffs take effect and global inventory levels become a focus again. AAStocks Financial News |
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