Major financial institutions remain optimistic about copper prices even as the industrial metal trades close to historic highs, with analysts expecting tight supply and firm demand to keep the market elevated in the months ahead. Among the most bullish is Goldman Sachs, which has raised its year-end copper forecast to $13,735 per ton. This is over 10% higher than its earlier projection of $12,465 per ton.
They also cited slower mine supply growth and growing demand tied to artificial intelligence infrastructure and clean energy investments. For enterprises like Numa Numa Resources Inc. that are engaged in exploring for…
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