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Goldman Sachs improves copper forecast

Goldman Sachs improves copper forecast

Goldman Sachs has raised its forecasts for copper prices due to a tight global supply and expectations of increasing American inventories. The market is projected to experience a deficit outside the United States of about 640,000 tons in 2026. The average price of copper is expected to rise to approximately $13,349 per ton in 2026 and to $13,800 per ton in 2027, driven by the impact of U.S. tariff policies and shifts in import flows.

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