Home / Metal News / Goldman Sachs Cuts Copper 3-month Price Forecast To $8,000/ton

Goldman Sachs Cuts Copper 3-month Price Forecast To $8,000/ton

iconJun 12, 2012 09:08
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

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM Events & Webinars

All