TSX:SLS - Post Discussion
Post by
savyinvestor333 on Dec 01, 2020 5:13pm
GOLDMAN COMMENTS ON COPPER
Goldman says copper bull fully underway, sees all-time high in 2022
- London copper (HG1:COM) continues its torrid climb, +1.5% to $7,695/ton to yet another seven-year high, and Goldman Sachs says copper's current price strength is just the first leg of a structural bull market.
- "This current price strength is not an irrational aberration," and the copper market should head into 2021 facing the tightest market conditions in a decade owing to a substantial deficit, followed by continued tight markets into 2022 and 2023, Goldman says, adding it is "highly probable" that copper will test the 2011 record high $10,170/mt by H1 2022.
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