Goldman Sachs Says the Recent Copper Surge is Unlikely to Last
Copper prices have climbed sharply in recent weeks, buoyed by optimism over a potential trade breakthrough between China and the United States and renewed fears of mine shortages in key producing countries. The rally reflects investors’ growing confidence in the red metal’s long-term role in the global energy transition, yet analysts are questioning whether the momentum can be sustained amid uneven demand growth. This past week saw copper reach a new high of $11,200 per ton, surpassing its previous peak of $11,104.50. The surge has been driven by speculative inflows and tight short-term supply expectations. However, the broader market picture…
