FWIW, Comsec has a copy of the 30 page Goldman Sachs research report dated 8 July 2024 on its website (look under Recommendations/Goldman Sachs).
FYI this is the Australian Goldman Sachs commodity team's long-term metal prices in US$ (real and nominal) as at 8 July 2024.
The GS commodity team continues to forecast a copper market deficit on constrained mine supply (Chile and Peru) and low inventories, noting that the copper market’s path into scarcity has gathered momentum so far this year, with the copper concentrate segment – which sits just before the metal market – moving into extreme tightness.
GS expects the copper price to average US$4.54/lb during 2H24 and US$4.76/lb during 2025.
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
FWIW, Comsec has a copy of the 30 page Goldman Sachs research...
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