Goldman Sachs has slightly adjusted its average copper price forecast in 2025 from US$10,100 per ton to US$10,160, showing Goldman Sachs’ positive view on the prospects of the copper market.
Behind this series of adjustments by Goldman Sachs is an in-depth insight into the Chinese economy.
For aluminum, Goldman Sachs is also optimistic. It raised its average aluminum price forecast in 2025 to US$2,700 per ton, a significant increase from the previous forecast of US$2,540.
This move is mainly based on the prediction that after China adopts a series of economic stimulus measures, its demand potential as the world's largest consumer country will continue to be released.
Goldman Sachs raises aluminum and copper price forecast for 2025, optimistic about China's demand potential
25 Oct 2024 16:51 reported by Cris Chen
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