A Goldman Sachs analyst wrote on September 3rd that the supply and demand changes of copper in the summer of this year have had a significant response on the price. Despite supply issues and a significant decrease in copper consumption, refined copper production has shown an Ascensão. Therefore, the analyst stated that Goldman Sachs' expectation of a substantial reduction in copper inventories will be much later than its previous estimate. Goldman Sachs has postponed its year-end copper price target of $12,000 to after 2025, meaning the average estimated copper price in 2025 is $10,100 per ton, still higher than this year's data, but far lower than the previous average estimate of $15,000 per ton.
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Goldman Sachs: Adia o alvo de preço do cobre de 12.000 dólares no final do ano para após 2025
A Goldman Sachs analyst wrote on September 3rd that the supply and demand changes of copper in the summer of this year have had a significant response on the price. Despite supply issues and a significant decrease in copper consumption, refined copper production has shown an Ascensão. Therefore, the analyst stated that Goldman Sachs' expectation of a substantial reduction in copper inventories will be much later than its previous estimate. Goldman Sachs has postponed its year-end copper price target of $12,000 to after 2025, meaning the average estimated copper price in 2025 is $10,100 per ton, still higher than this year's data, but far lower than the previous average estimate of $15,000 per ton.