Copper Weekly Special Report based on 1 Lot Calculation:

COPPER USE AND MARKET SHARE:

• TOP COPPER PRODUCERS: Chile (27% of the world total), China (8%), Peru (8%), the Democratic Republic of Congo (6%), Australia (5%), Mexico (5%), Indonesia (4%), Russia (3%), and Canada (2%).
• TOP COPPER CONSUMERS: 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).

COPPER MARKET: TIGHT SUPPLY AND RISING DEMAND SUPPORT 2026 OUTLOOK

• COPPER MARKET EXPECTED TO BE IN DEFICIT IN 2026. Ongoing mine disruptions around the world and declining ore grades continue to restrict supply growth, while demand remains supported by electrification and A.I. infrastructure needs.
• INDUSTRIAL DEMAND: ELECTRIFICATION, MILITARY, AND A.I. INFRASTRUCTURE INVESTMENT INCREASES DEMAND. Copper demand remains structurally strong, supported by power grid expansion, renewable energy projects, A.I. Data centers construction, electric vehicles, rising industrial activity, and increased military spending, all reinforcing the demand outlook into 2026.

GEOPOLITICS: MIDDLE EAST WAR

• IMPACT OF WAR ON COPPER: The closure of the Strait of Hormuz has triggered a shock in global copper markets, driven by a severe shortage of elemental Sulphur, essential for producing Sulphuric Acid used in copper leaching. Mines in the Democratic Republic of Congo receive over 50% of their Sulfur from the Gulf region.

EVENTS (USA):

• TUESDAY, MARCH 31 AT 02:30 GMT: CHINA MANUFACTURING PMI (MARCH). The index measures output, new orders, and growth in the manufacturing sector in China, the world’s largest consumer.
• FRIDAY, APRIL 3 AT 13:30 GMT: U.S. NON-FARM PAYROLLS AND UNEMPLOYMENT RATE (MARCH). One of the most important indicators of the U.S. labor market and has a big impact on the US Dollar.

TECHNICAL ANALYSIS:

• WEEKLY MOVING AVERAGES POINT TO UPTREND: Copper prices have is trading above the 50-, and 100-Week Moving Averages, pointing to an ongoing uptrend. However, Copper prices can also change their trend if prices fall below the 50-, and 100-Weekly Moving Averages.
• UPTREND STRUCTURE REMAINS IN PLACE: Price action is supported by the upward-sloping trend line (black), which has acted as a reliable dynamic support since December 2024.
• PRICE ACTION: Copper price hit an all-time high of $6.5790 (January 29, 2026). Copper price currently trades at around $5.380, and if a full recovery takes place, then copper prices could see an upside of around 22%. However, it could also decline.

GRAPH (Weekly): April 2023 - March 2026

Please note that past performance does not guarantee future results

COPPER, March 24, 2026
Current Price:  5.380

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 13:00 (GMT) 24/3/2026

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