Goldman Sachs remains aggressively bullish on copper this year and next. The investment bank says that there is a disturbed balance between supply and demand.
-The bank has just announced its new annual target for copper, expecting levels of 12,000 per ton of copper by the end of 2024. /21% above current market prices/ and levels of 15,000 by the end of 2025.
“Our latest supply and demand forecasts point to a deficit of 454kt for this year (versus a previous expectation of a deficit of 428kt) and a deficit of 467kt for 2025 (versus a previous expectation of a deficit of 413kt). With the end of the seasonal surplus phase, we expect deficit build-up to create enough momentum to extrapolate the current imple towards mid-year and especially in the second half of this year.” Goldman Sachs strategists share.
-GS also share that they expect a period of consolidation around current levels in short term.


Varchev Absolute Trader
борсова платформа
- Търгувай над 3000 финансови инструмента: Crypto, Форекс, Акции, Индекси, Суровини, ETF-и
- Използвай платформа с директно изпращане ордерите на борсите
- Best Trading Platform - "Online Personal Wealth Awards" EU награждава Varchev Absolute Trader
- Cloud base платформа - твоят трейдинг сетъп на всяко устройство
- Traders Talk - чуй какво движи пазарите в реално време
- Market Sentiment - търгувай с настроенията на инвестиционите банки
- Top movers - най-горещите трейдове във всеки един момент
- Stocks scanner - филтрирай най-подходящите за твоя трейдинг стил пазарни инструменти
- Heat map - Търгувай в посоката на големите играчи
Read more:
Login to comment
Comments:
Leave a comment