newsmarket trendGlobal0–2 yr2d ago

Copper price: Goldman maintains year-end forecast, Traxys sees $15,000 - Mining.com

Copper spot price / market forecast

Summary

Goldman Sachs maintains year-end copper price forecast while Traxys projects $15,000/tonne, signalling analyst conviction on copper demand and supply dynamics. Direct relevance to Viega's brass (copper + zinc) and copper tubing COGS, with implications for margin pressure in 2024-2025.

Segment

Brass fittings, copper tubing, plumbing & heating installation systems

Innovation type

incremental

Time horizon

short 0 2yr

Found by

Commodities & Raw Materials Scout

Source

"copper price" - Google News

copper_priceCOGS_pressurebrass_input_costLME_macroyear_end_forecastdemand_signal

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