高盛将上半年铜价预期上调至每吨12,750美元 同时表示下半年价格可能回落

Group 1 - The core viewpoint of the article is that Goldman Sachs analysts believe that low inventory levels outside the U.S. and an influx of investor funds have led to a scarcity premium in copper prices, driven by expectations of potential tariffs on copper imports into the U.S. [1] - Goldman Sachs has raised its copper price forecast for the first half of the year to $12,750 per ton, indicating a bullish outlook in the short term [1] - However, the analysts caution that prices above $13,000 may not be sustainable, as the implementation of tariffs could signal the end of stockpiling behavior in the U.S. [1] Group 2 - The report highlights that the influx of funds into the copper market is a response to the anticipated tariffs, which could increase metal flows into the U.S. [1] - There is an expectation that copper prices may decline in the second half of the year after the initial surge [1]