Copper Price thread, page-191

https://www.bloomberg.com/news/articles/2024-09-03/goldman-slashes-copper-forecast-on-softening-chinese-demand


"Goldman Sachs Group Inc. exited a long-term bullish position on copper and slashed its price forecast for 2025 by almost $5,000, citing shrinking demand in China.The bank has been one of the biggest cheerleaders of the industrial metal, but the increasingly disappointing economic recovery in China will delay an expected rally, analysts including Samantha Dart and Daan Struyven said in an emailed note. They expect prices to average $10,100 next year, compared with a previous target of $15,000 a ton championed by former analysts Jeffrey Currie and Nicholas Snowdon."