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Goldman Sachs Cuts Copper 3-month Price Forecast To $8,000/ton
Jun 12,2012 09:08CST
industry news
Source:SMM
Investment bank Goldman Sachs Group Inc. (GS) Monday cut its three-month forecasts for a range of base metals, including copper and aluminum.

Jun 11, 2012 (Dow Jones) -- Investment bank Goldman Sachs Group Inc. (GS) Monday cut its three-month forecasts for a range of base metals, including copper and aluminum, citing risks posed to the complex by the euro-zone debt crisis and a stronger dollar.

The bank cut its three-month copper forecast to $8,000 a metric ton from $9,000/ton previously. It also lowered is aluminum forecast for the same period to $2,200/ton from $2,400/ton.

 

Goldman Sachs forecast for copper

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