​”Copper Rally Delayed”: Goldman Slashes Forecast By $5,000 For Base Metal Amid China Woes  – Tyler Durden

“Copper Rally Delayed”: Goldman Slashes Forecast By $5,000 For Base Metal Amid China Woes  Just four months after Goldman analysts warned clients that copper markets were “moving into extreme tightness,” the bank has now exited its long-term bullish position on the base metal and slashed its 2025 price forecast by nearly $5,000. This seismic shift comes amid overwhelmingly weak economic data from China this summer and elevated levels of refined copper production being exported from the world’s second-largest economy into global markets. “Copper rally delayed. In copper we’ve observed significant price elasticity of both supply and demand this summer. As a result, the…  — Continue at ZeroHedge News : Read More