Copper: A Short Squeeze Misread by Investment Banks as Major Firms' Price Targets Are Left Behind by Spot Prices—The Imbalance Sheet Didn't Miscalculate; It Became Irrelevant

Placing the price targets of major institutions side by side with spot prices reveals a clear gap. It should be noted that Goldman Sachs' $13,735 was not a pessimistic forecast from the beginning of the year; on the contrary, it is the figure just raised on June 1.