Goldman Sachs: It has raised its forecast for London Metal Exchange (LME) copper prices to an average of $9,890 in the second half of 2025, up from $9,140 previously. Copper prices will peak at $10,050 per ton in 2025 as tariffs reduce copper invento

2025-06-26

Goldman Sachs: It has raised its forecast for London Metal Exchange (LME) copper prices to an average of $9,890 in the second half of 2025, up from $9,140 previously. Copper prices will peak at $10,050 per ton in 2025 as tariffs reduce copper inventories outside the United States and demand in the Chinese market is strong.