Goldman Sachs Lowers 2026 Copper Forecast Amid Soft Demand Outlook
Goldman Sachs trimmed its 2026 copper price forecast to $12,650 per tonne from $12,850, citing softer demand expectations linked to weaker global economic growth. The bank maintains a bullish long‑term view, citing continued demand from electrification and electric vehicle production.
Goldman Sachs trimmed its 2026 copper price forecast to $12,650 per tonne from $12,850, citing softer demand expectations linked to weaker global economic growth. The bank maintains a bullish long‑term view, citing continued demand from electrification and electric vehicle production.
The forecast cut signals short‑term downward pressure on copper prices, prompting traders to reassess near‑term positions. However, the bullish long‑term stance may cushion the impact as demand from electrification remains strong.