Yesterday, Goldman Sachs released its latest forecast for the metal market, drastically cutting its prediction for copper prices next year by nearly USD 5,000 per ton, down from the previous estimate to USD 10,100 per ton. As the manufacturing PMI in the United States and Europe for August remained below the boom-bust line, financial markets have once again begun to trade on expectations of a copper consumption recession. Overnight, London copper fell below the USD 9,000 per ton mark and continued to decline intraday, testing USD 8,890 per ton after the close of Asian trading hours.