Goldman Sachs raises its end-2026 copper price target to $13,735/ton, citing a reduced global mine supply estimate by 350,000 tons due to ongoing disruptions at Grasberg and Kamoa-Kakula mines. The copper deficit outside the U.S. is now expected to exceed 640,000 tons this year. Citigroup predicts copper prices could reach $15,000/ton within the next year, driven by strong demand from sectors like electric vehicles and clean energy.
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