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-0.000520526863712529 0.00109763273435028 0.00233105508532121 0.00139184357036167 0.00299868736703931 -0.000973158919114667 -0.00360974064183232 -0.00271579233241296
Stock impact report

America's copper grab is powering a record surge in prices — even though the world has plenty of it [Yahoo! Finance]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Yahoo! Finance
AI hype and the energy transition are supercharging copper speculation. Copper prices have exploded to record highs again, not because the world is running out of the metal, but in part because the United States is scooping up so much of it that everyone else is scrambling for what's left. Benchmark three-month copper hit an all-time high of $11,952 a metric ton on the London Metal Exchange on Friday. It's now trading around $11,655 per ton, up roughly 33% so far this year. The US has been aggressively stockpiling metal ahead of potential tariffs, pulling huge volumes out of the tradable global system and tightening supplies everywhere else. "US inventory is effectively 'trapped'," analysts at Goldman Sachs wrote in a report on Tuesday. However, the global copper market is expected to post a 300,000-ton surplus next year. The latest copper price surge caps a volatile year for the red metal used in construction, electrical grids, and electronics. Early this year, traders Show less Read more
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