Goldman Sachs says newest disruption signifies that the dangers to its December 2025 LME copper value forecast of $9,700/t are weighted to the upside and will settle in a $10,200–10,500/t vary
Expects a 250–260kt lack of copper manufacturing from Grasberg in 2025, from its earlier manufacturing forecast of 700ktSays after adjusting for disruption allowances, it incorporate a 160kt downgrade to its H2 2025 international mine provide forecast & a 200kt downgrade to its 2026 forecast.Lowers its 2025/2026 Coppper mine manufacturing development forecast to +0.2/1.9% y/y, from +0.8/2.2% beforehand
Earlier:
Copper costs leap after Freeport particulars mudrush incident — affect might stretch to 2027
This text was written by Eamonn Sheridan at investinglive.com.
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