Goldman Sachs expects copper price to break all-time high in 2022

Goldman Sachs has predicted that copper's remarkable price surge is set to continue next year and could break records because of resurgent demand and capped supplies.

Analysts led by Nicholas Snowdon project a 12-month price target of $9,500 per tonne next year, up from a $7,500 per tonne projection previously, with a 2021 average price forecast of $8,625 per tonne.

"This current price strength is not an irrational aberration, rather we view it as...

Published

Archie Hunter

December 01, 2020

18:23 GMT

London