铜价“再启升浪” 高盛唱多叠加矿企减产信号

Group 1 - Goldman Sachs traders are bullish on copper prices in the short term, influenced by conservative production targets from Antofagasta Plc, raising supply concerns and pushing copper prices to a two-week high [1] - Copper has risen over 20% this year, supported by mine shutdowns and production constraints globally, with LME copper prices increasing by 1.8% on Thursday [1] - Antofagasta expects to reach the lower limit of its production target for the year, and its 2026 production target is below analyst expectations, accelerating the rise in copper prices [1] Group 2 - The proposal by former President Donald Trump to impose import tariffs on copper created significant arbitrage opportunities, with Comex copper futures prices remaining above the global benchmark LME copper prices [2] - Goldman Sachs analysts predict that the arbitrage opportunity between Comex and LME will significantly tighten the physical copper market outside the U.S., presenting short-term upside risks to their LME copper price forecast range of $10,000 to $11,000 per ton [2] - LME copper prices closed at $10,854.50 per ton on Thursday, while other metal prices generally increased, with zinc prices slightly declining [2]