Goldman Sachs Lowers Copper Outlook

Goldman Sachs lowered its copper view. Goldman Sachs lowered its 3-month copper outlook to $7,500 per ton versus $8,000, its 6-month view to $8,000 from $9,000 and its 12-month outlook to $7,000 per ton from $8,000. Goldman Sachs shares closed at $138.72 on Friday.