Goldman Sachs Sees Copper Prices Rising to $10,000/mt, Ups Aluminium Price Forecast to $3,125/mt

SHANGHAI, Jan 19 (SMM) – Foreign media reported on January 17 that Goldman Sachs expects copper prices to rise to $10,000 /mt in 2023.

The bank raised its forecast for the average aluminum price in 2023 from $2,563/mt to $3,125/mt, and raised its three-, six- and 12-month price targets from $2,100/mt, $2,450/mt and $2,750/mt to $2,850/mt, $3,100/mt and $3,750/mt, respectively.