https://newsletter.mw.creamermedia.com
Copper
Copper
copper

Goldman Sachs raises first-half copper price forecast

Copper Cathodes

Photo by Reuters

9th January 2026

By: Reuters

  

Font size: - +

Goldman Sachs raised its copper price forecast for the first half of 2026 to $12 750 a metric ton from $11 525 a ton on Thursday, citing a scarcity premium amid limited inventory coverage outside the United States.

Benchmark three-month copper on the London Metal Exchange fell 0.5% to $12,831 per metric ton by 1310 GMT, after scaling a record high of $13 387.50 on Tuesday. 

US Comex copper stocks continued rising while LME copper stocks kept declining, driven by US tariff concerns, which in turn has raised the risk of tighter refined copper availability outside the United States.

However, the bank noted that a second‑quarter tariff announcement could signal an end to US stockpiling and bring oversupplied global fundamentals back into focus.

Goldman Sachs maintained its quarter four 2026 forecast of $11 200 a ton and added that it does not expect the price above $13 000 to be sustained.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

CSIR International Convention Centre (CSIR ICC)
CSIR International Convention Centre (CSIR ICC)

CSIR International Convention Centre (CSIR ICC) - the leading conference and events venue in Pretoria/Tshwane.

VISIT SHOWROOM 
Lion Alcoblow ® - High speed breathalyser
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Ricards Bay Coal terminal chairperson Nosipho Damasane.
Transnet, Richards Bay Coal Terminal to establish project office
27th January 2026 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.115 0.206s - 127pq - 2rq
Subscribe Now