TREE NEWS reports: Goldman Sachs said its 2027 copper price forecast of $15,400 per tonne faces downside risk after the US midterm elections, citing AI-related positioning and expectations of lower US tariffs. The bank flagged the risk in a note on its 2027 copper outlook. No revised forecast figure was given.
Goldman: 2027 copper forecast of $15,400/t faces downside risk after US midterms
AI take
The signal here is less the copper number than the mechanism: Goldman is tying a metals forecast to a US political calendar and tariff expectations, which puts copper's outlook partly in the hands of trade policy rather than mine supply or demand alone. That matters for anyone using copper as an RWA or macro proxy, since positioning built on AI narratives can unwind if the tariff path shifts. Whether the bank actually revises the figure, and how tariff expectations evolve post-midterms, is the open question.
Generated by AI for reference only.
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