Copper price unlikely to stay above $11,000/t: Goldman Sachs

The metal reached an all-time high of over $11,200/t earlier this year, lifted by expectations of future market tightness amid supply disruptions, US tariffs, China’s anti-involution policy, and a boom in spending for artificial intelligence data centres. However, the US investment bank does not expect the market will enter “material” tightness until the end of the decade.