Goldman Sachs cautions that copper's rise above $11,000 is short-lived.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 04 2025
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Source: SeekingAlpha
Copper Price Surge: Goldman Sachs predicts that the recent surge in copper prices past $11,000 per ton will be short-lived, attributing it to expectations of future market tightness rather than current supply and demand fundamentals.
Market Analysis: Analysts from Goldman Sachs, including Aurelia Waltham, believe that the current price increase is not sustainable and expect that a significant copper shortage will not occur until 2029, with this year's demand falling short of supply by approximately 500,000 tons.
Analyst Views on COPX
Wall Street analysts forecast COPX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COPX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 83.970
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
