09 Jan,2026
The copper
As a key material in the construction, transportation, technology, and electronics industries, copper has long been widely used due to its excellent electrical conductivity, corrosion resistance, and ease of processing. A S&P report predicts that global annual copper demand will reach 42 million tons by 2040, a significant increase from 28 million tons in 2025; without new supply, nearly a quarter of this demand may be unmet.
Goldman Sachs warned investors to be wary of risks at high levels. The bank explicitly stated that prices above $13,000 are unsustainable, maintained its forecast of $11,200/ton for the fourth quarter of 2026, and anticipated a potential correction in the second quarter.
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