Goldman Sachs expects LME copper prices to fall to $9,550 per ton in August

Goldman Sachs expects LME copper prices to fall modestly to a low of $9,550 per metric ton in August from $10,050/t previously, the bank said in a note on Tuesday.

"We maintain our long December 2025 COMEX-LME copper arbitrage trade recommendation as we believe the market is still significantly under-pricing the highly-likely 50% tariff rate," the bank said.