Goldman Sachs: Copper May Benefit from Iran-Israel Conflict

```htmlJinse Finance reported that on June 29, Goldman Sachs stated that metals including copper may benefit from the lingering effects of the Iran conflict, as the war has supported trends driving demand such as electrification and defense spending. Analysts Samantha Dart and Daan Struyven said: “The Iran conflict has ultimately reinforced many themes supporting power and metals demand, to a greater extent than its impact on oil and gas.” According to the bank’s recent forecasts, analysts now expect copper prices to reach $13,735 per ton by the end of 2026, with an average price of $13,800 per ton in 2027. Copper most recently traded at $13,420 per ton on the London Metal Exchange.```