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.
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