COPPER

Copper Weekly Special Report based on 1 Lot Calculation:

COPPER USE AND MARKET SHARE:

• TOP COPPER PRODUCERS: The biggest producers of copper are: Chile (27% of the world total), China (8%), Peru (8%), the Democratic republic of Congo (6%), Australia (5%), Mexico (5%), Russia (3%), and Canada (2%).
• TOP COPPER CONSUMERS: The biggest consumers of copper are: China (52% of the world’s total), the United States (7%), The European Union (8%), and Japan (4%).
• TOP COPPER INDUSTRIES: Copper is heavily demanded in the EV industry, renewable energy industry (wind & solar farms), electrical infrastructure, telecommunications, and construction. The EV and green industries show the biggest growth rates (10-15% and 5%, respectively) and will push the overall copper growth rate higher in the future.

RUSSIA-UKRAINE CONFLICT & LOWER SUPPLY FEARS:

• BREAKING (DECEMBER 2): US SPECIAL ENVOY STEVE WITKOFF - PRESIDENT PUTIN MEETING RESULT IN NO AGREEMENT. According to Reuters, Russia and the U.S. did not reach a compromise on a possible peace deal to end the war in Ukraine after a five-hour Kremlin meeting between President Vladimir Putin and Donald Trump's top envoys (Steve Witkoff and Jared Kushner).

LAST TIME (OCTOBER): TRUMP–PUTIN CALL ON OCTOBER 16, 2025. The call led to a potential new summit between US President Trump and Russian President Putin, but due to further disagreements, the summit never happened, and Trump announced sanctions on Russia’s Lukoil and Rosneft on October 22.

RUSSIA IS THE 4TH LARGEST EXPORTER OF REFINED COPPER IN THE WORLD (7% OF TOTAL GLOBAL EXPORTS).

EVENTS (CHINA):

• MONDAY, DECEMBER 8 AT 03:00 GMT: CHINA EXPORT/IMPORT DATA (NOVEMBER). Stronger-than-expected import figures would signal improving industrial demand in China, the world’s largest consumer of copper. Since copper is widely used in China, firmer trade data would typically support a more positive demand outlook.
• WEDNESDAY, DECEMBER 10 AT 01:30 GMT: CHINA INFLATION (CPI) (NOVEMBER). A stronger-than-expected CPI reading would indicate improving consumer and economic activity in China. A healthier economic environment typically boosts construction and manufacturing output, both major copper-intensive sectors, therefore supporting higher copper demand.
• MONDAY, DECEMBER 15 AT 02:00 GMT: CHINA INDUSTRIAL PRODUCTION (NOVEMBER). A stronger industrial production figure would point to expanding manufacturing activity. Since copper is essential for electrical wiring, machinery, and industrial goods, a robust reading would be supportive for prices.

TECHNICAL ANALYSIS:

• UPTREND AND RECOVERY SINCE EARLY AUGUST 2025: Copper prices have traded within an uptrend channel since early August, as depicted by the daily chart below. However, there remains a risk of a potential breakout below this level if market conditions change.
• SUPPORT AREA: $5.20 – $5.00. Copper prices have maintained a strong support area in the region between $5.00 and $5.20 since early October 2025.
• COPPER PRICE HIT AN ALL-TIME HIGH OF $5.9552 (July 24, 2025): The copper price currently trades around $5.30, and if a full recovery occurs, then copper prices could see an upside of around 12%. Although the price could decline, too.

GRAPH (Daily): June 2025 - December 2025

Please note that past performance does not guarantee future results

COPPER, December 3, 2025.
Current Price: 5.300

Example of calculation based on weekly trend direction for 1.00 Lot¹

1. 1.00 lot is equivalent of 10 000 units
2. Calculations for exchange rate used as of 10:55 (GMT) 3/12/2025

There is a possibility to use Stop-Loss and Take-Profit

• You may wish to consider closing your position in profit, even if it is lower than the suggested one.
• Trailing stop technique could protect the profit