Aluminium and copper prices set to rise: Goldman Sachs raises 2025 outlook following China's demand stimulus
In a significant upward revision, the leading global investment banking, securities, and asset and wealth management firm, Goldman Sachs, has enhanced its 2025 price forecasts for aluminium and copper, driven by increased demand potential in China, the world's largest consumer of these metals.
The investment banking giant has adjusted its 2025 average aluminium price outlook to $2,700 per tonne, up from the previous forecast of $2,540 per tonne. Meanwhile, the average copper price forecast has also seen a rise, now set at $10,160 per tonne, an increase from $10,100.
These changes come as the London Metal Exchange (LME) reports aluminium trading near $2,634.50 a tonne, following a peak of $2,715—the highest level since May 31. LME copper is currently trading at $9,510.50 a tonne.
Events
e-Magazines
Reports
This news is also available on our App 'AlCircle News' Android | iOS
A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems
Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines
Leading manufacturer of value-added equipment for the aluminum casthouse
Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals.
Business Leads
