Copper pricing18 Aug 2021 12:15
copper price scales fresh heights approaching $8,500/t, its highest level for more than eight years, and amid optimism its price could eventually move higher.
Investment bankers, Goldman Sachs and Citi, recently doubled down on their bull calls for the copper market, raising their 12-month price target to $10,000 per ton. Goldman Sachs warned that copper may be heading for a period of “scarcity pricing” as it was an integral metal in global decarbonisation.