On October 14, Hong Kong copper stocks exhibited a pattern of opening high but closing lower. As of the current time, CHINFMINING has dropped nearly 6%, while China Gold International, Jiangxi Copper Co Ltd, and Daye Non-Ferrous Metals Mining have all declined by more than 3%. MMG fell by 2.74%.

In terms of market news, Goldman Sachs released a report stating that the current high prices of copper, aluminum, and zinc reflect investor bullish sentiment for 2026, driven by expectations of Federal Reserve rate cuts, a weaker US dollar, and capital expenditures related to artificial intelligence. The bank expects copper prices to remain within the $10,000 to $11,000 per ton range for 2026 and 2027, but aluminum prices face significant downside risks due to increased supply from Indonesia.

The bank anticipates that copper prices will face limited short-term upside potential, capped at $11,000 per ton. While maintaining a long-term bullish outlook on copper prices, Goldman Sachs believes the market will continue to experience oversupply in the short term, thereby limiting near-term price appreciation potential.