voda schreef op 24 juli 2015 15:31:
Goldman heeft wat met metalen! :-)
Goldman Sachs cuts outlook for copper by 44pc to 2018
Published on Fri, 24 Jul 2015 90 times viewed
Bloomberg reported that Goldman Sachs delivered a bearish slate of forecasts across metals this week in a sign that the flogging commodity prices are taking still may have more to go. Goldman Sachs has lowered its copper price outlook by as much as 44 per cent through 2018 and expects Chinese demand to grow at the slowest pace in almost two decades. Goldman Sachs lowered its copper price outlook by as much as 44 per cent through 2018 and expects Chinese demand to grow at the slowest pace in almost two decades.
Goldman on Wednesday lowered its copper price outlook by as much as 44 per cent through 2018 and expects Chinese demand to grow at the slowest pace in almost two decades. The cut came a day after Jeffrey Currie, the bank's head of commodities research, said that gold could trade at its lowest level since 2009. Analysts earlier this week said iron ore will keep falling.
It said "We substantially lower our short, medium, and long-term copper price forecasts on the back of lower Chinese copper demand growth forecasts, increased conviction in copper supply growth over the next three years, and less conservative assumptions regarding mining cost deflation in dollar terms.”
Goldman expects prices to reach $US4500 by the end of next year.
Source : Bloomberg