copper-market

abc.net.au

Goldman Sachs Projects $12,650 Copper Price with 490,000-Ton Surplus in 2026 Amid Supply Disruptions

Goldman Sachs maintains a $12,650 per metric ton price target for copper in 2026, projecting a 490,000-ton market surplus. The forecast faces risks from the Strait of Hormuz closure and China's upcoming ban on sulfuric acid exports. These disruptions affect sulfuric acid supplies…

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