Goldman Sachs sees copper market step-up in price range, to $10,500-$11,500/t.

Goldman Sachs believes copper market is poised for another sustainable step-up in its price range, to $10,500-$11,500/t.

• Expects deficits of 180kt and 250kt in 2025 and 2026 for copper.
• Forecasts copper price to rise above $10,500/t in Q1 2026, but be capped at $11,500/t.

This article was written by Eamonn Sheridan at www.forexlive.com.