Goldman Sachs tempers rosy outlook on copper

摘要

Goldman Sachs Group has pared back the bullish copper forecast it issued last year, sayingthe tightness originally expected to develop in the second half of 2011 is unlikely to materialise foranother year. The bank projected "extreme tightness" for 2011 in its early October outlook, callingfora 12-month prompt contract forecast of $11,000 pertonne (AMM, October 7).