Goldman Sachs Predicts Decline of Copper Prices in 2026
A recent report from Goldman Sachs expects the price of copper to decline next year, despite the metal’s increasing demand from power infrastructure. This, alongside constrained mine supply growth, is expected to underpin prices over time. According to the report, copper on the London Metal Exchange surged to an all-time high of $11,771 a metric ton earlier this year. The increase was primarily driven by concerns over tightening supply outside America. Despite this rally, Goldman Sachs projects that during the first half of next year, the LME copper price will average around $10,710 per metric ton. The financial institution expects the red metal’s prices to fluctuate between $10,000 and $11,000 over the course of 2026, due…