Copper price: Goldman maintains year-end forecast, Traxys sees $15,000
Geopolitics · Mining.com ·
Copper held firm above the $13,200-a-tonne level on April 22 amid elevated supply risks from the ongoing war in the Middle East and robust demand optimism. Goldman Sachs maintained its average 2026 copper price forecast of $12,650 per tonne, while Traxys sees prices potentially reaching $15,000 per tonne as sulphuric acid shortages and Chinese export bans threaten global refined copper output.