Goldman Sachs Sees Copper Falling Over Next Year on Tight Chinese Credit, Construction Slowdown

The Financial Post reported that Goldman Sachs sees copper falling as low as $6,600/mt in the next 12 months.

As quoted in the market report:

Thanks to tightening Chinese credit conditions and a collapse in Chinese construction completions, “We see copper prices falling from current levels on a 6 to 12-mo horizon.

To view the whole Financial Post report, click here.