# Goldman Sachs has issued a fresh warning on copper, saying the metal remains vulnerable to more price drops if the Strait of Hormuz stays blocked due to the ongoing.

*fintech · news · 2026-04-07 · Times Now*

## Key points

- Goldman Sachs warns copper prices could drop further if the Strait of Hormuz remains blocked.
- Copper is currently trading above its estimated fair value of $11,100 per ton.
- Goldman has lowered its 2024 average copper price forecast to $12,650 per ton.
- Copper prices have already fallen about 7% since US and Israel strikes on Iran began.

**Companies:** Goldman Sachs
**Countries:** Iran, United States, Israel

[Read the full story on Times Now](https://www.timesnownews.com/business-economy/economy/goldman-sachs-warns-copper-vulnerable-as-iran-war-hits-global-growth-article-154019158)

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