New Delhi, June 26 -- Copper prices are expected to surge in the coming months, with a peak forecast to USD 10,050 in August, according to a recent report by Goldman Sachs.

The sharp rise is mainly driven by two key factors: a tariff-driven reduction in copper stocks outside the United States, and positive sentiment around China's economic activity.

The report said, "We expect the copper price to rise to a peak for the year of USD 10,050 in August due to (1) the tariff-driven reduction in ex-US stocks".

Goldman Sachs has also upgraded its second-half 2025 forecast for London Metal Exchange (LME) copper prices to an average of USD 9,890 per tonne, up from the earlier projection of USD 9,140.

The firm expects prices to hit their yearly ...