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      Goldman Sachs Increases Copper Price Forecasts for 2026 and 2027

      Goldman Sachs has revised its copper price forecasts, projecting that the price will reach $14,700 per ton by the end of 2026 and average $15,400 in 2027. This marks an increase from previous estimates of $13,735 and $13,800 for the respective years.

      The bank attributes this upward revision to anticipated supply deficits outside the United States, estimating a shortfall of 950,000 tons in 2026 and 220,000 tons in 2027. These deficits are expected to result from declining mine output coupled with increasing demand from China.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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