COLUMN-Goldman Sachs flips from copper super-bear to super-bull: Andy Home

Wall Street heavyweight Goldman Sachs has been banging the bear drum on the copper price since the middle of last year. Its July 2015 research note was titled "Copper - lower for longer", which pretty much said it all. Copper, which was then trading in London around the $5,500-per tonne level, would fall to $4,500 by the end of 2016 and then stay there for 2017 and 2018 as "the market adjusts to a seven-year bear cycle" running from 2011 to 2018, the bank argued.