The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsOct 16 (Reuters) - Goldman Sachs on Monday said it expects industrial metals markets to remain vulnerable to incremental softness in the near term due to deteriorating demand and the impact from higher interest rates. "Building and construction activity remains the weakest segment, but there were downdrafts now noted in volume appetite from most other sectors, with the exception of aerospace," analysts at Goldman Sachs said. The copper market could face near-term pressure from the likelihood that Chinese imports of the metal could be restrained, the bank said. Three-month nickel on the London Metal Exchange was trading around $18,710 per metric ton by 1425 GMT on Monday.

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Persons: Goldman Sachs, Andrew Kelly, downdrafts, Goldman, Brijesh Patel, Tina Parate, Sharon Singleton Organizations: New York Stock Exchange, REUTERS, Goldman, London Metal Exchange, Thomson Locations: New York City , New York, U.S, China, Bengaluru