# EnergyTransition

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# Copper’s Reality Check: Why Goldman Just Re-Rotted the Map for 2026
If you’ve been following the "copper supercycle" narrative, you know the vibe has been pretty electric lately. We’ve seen record highs, talk of massive shortages, and a "buy everything" mentality driven by the green energy transition.
But Goldman Sachs just tapped the brakes. In their latest update, they’ve shifted their 2026 outlook, and it’s a classic case of high prices being their own best cure.
Here’s the breakdown of what’s changing and why the "supply gap" isn’t hitting quite as hard as we expected.
1. The Numbers: Fr

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