Goldman Sachs Warns of Copper Price 'Supply Storm'

The video discusses the expected decline in copper prices to $4000 per metric ton over the next 12 months, a 17% drop from current levels. It compares copper's performance with other industrial metals like zinc and nickel, which have seen significant gains. Factors such as increased supply from countries like Indonesia, Chile, and Zambia, coupled with slowing demand in China, are contributing to this trend. Goldman Sachs predicts short-term price targets of $4500 in three months and $4200 in six months, leading to a perfect storm for copper prices.

What is the projected price of copper per metric ton over the next 12 months?

How much has copper's price decreased from current levels?

Which two metals are currently outperforming copper according to the text?

What factors are contributing to the expected decline in copper prices?

What are the expected short-term targets for copper prices in three and six months?