Goldman Cuts Copper Outlook as Energy Crisis Threatens Demand
Updated: 12 Jul 2022, 10:28 AM IST
TL;DR.There’s worse to come for copper after a sharp slump, according to Goldman Sachs Group Inc., which slashed its forecasts for the metal and said risks to economic growth were skewed heavily upwards.
FILE PHOTO: Large coppers coils are cut into lengths to start the process of manufacturing a bullet at Barnes Bullets in Mona, Utah, January 6, 2016. REUTERS/George Frey