Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
26 June 2025 | Other

Copper continues to rise as Goldman Sachs projects $10,050 price target

Copper
Copper continues to rise as Goldman Sachs projects $10,050 price target

According to Bloomberg, copper prices have been rising for the fifth straight day following a Goldman Sachs forecast predicting the metal could hit a record high of $10,050 per ton by August 2025.

Copper traders on the London Metal Exchange are facing significant pressure following a sharp spike in spot contract premiums. The supply crunch has been driven by record shipments to the US, where talks of new tariffs have triggered a rapid surge in prices and drained stockpiles in other regions, says the news agency.

Goldman Sachs analysts anticipate further copper gains amid tightening supply outside the US and sustained demand from China. However, the bank warns that Washington's planned 25% tariff on copper imports, set to take effect in September, could push prices down to $9,700 per ton by December.

Elena Dorokhina MarketCheese

Recommended

United States. CFTC Copper speculative net positions. The value of the indicator has decreased from 52.6K to 48.4K
30 January
United States. CFTC Copper speculative net positions. The value of the indicator has decreased from 53.4K to 52.6K
23 January
South Africa. Mining Production. The value of the indicator has decreased from 6.1% to -2.7%
20 January
China. Industrial Production (YoY). The value of the indicator has increased from 4.8% to 5.2%
19 January
United States. CFTC Copper speculative net positions. The value of the indicator has decreased from 57.9K to 53.4K
16 January
Top news
European Union. CPI (MoM). The value of the indicator has decreased from 0.2% to -0.5%
Today at 10:01 AM
Australia. RBA Interest Rate Decision. The value of the indicator has increased from 3.6% to 3.85%
Yesterday at 3:30 AM
United States. ISM Manufacturing PMI. The value of the indicator has increased from 47.9 to 52.6
2 February
European Union. Manufacturing PMI. The value of the indicator has increased from 49.4 to 49.5
2 February
European Union. GDP (QoQ). The value of the indicator remained at the same level of 0.3%
30 January
All news

Forecasts

NVIDIA Corporation buy
Period: 11.02.2026 Expectation: 1300 pips
NVIDIA shares approach key milestone before potential reversal
FA Other Technical analysis TA Other Indicators Fundamental analysis
Today at 10:40 AM 20
Lyra_Moonwell1
Lyra_Moonwell1
Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Brent sell
Period: 28.02.2026 Expectation: 290 pips
Selling Brent crude from 70.2 resistance
FA Other Chart analysis
Today at 09:57 AM 22
Bruce_Powers
USDCAD buy
Period: 11.02.2026 Expectation: 1800 pips
USDCAD's ascent is unshaken by fleeting oil recovery
FA Other Technical analysis Indicators and reports Indicators Fundamental analysis
Today at 08:37 AM 23
Emily_Foster
Gold buy
Period: 30.09.2026 Expectation: 1100 pips
Holding onto gold for long term
FA Other Chart analysis
Today at 07:41 AM 48
McCarthy_Raymond
USDCAD sell
Period: 31.05.2026 Expectation: 11000 pips
USDCAD selloff starts from 1.4060
Indicators and reports Chart analysis
Yesterday at 11:43 AM 23
McCarthy_Raymond
BTCUSD sell
Period: 10.02.2026 Expectation: 9000 pips
Selling BTCUSD on rebound to $84,000 amid negative fundamentals
FA Other Technical analysis Indicators and reports Indicators Fundamental analysis
Yesterday at 11:06 AM 29
Lyra_Moonwell1
Lyra_Moonwell1
Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Go to forecasts