Weekly Special Report: Copper

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).

GEOPOLITICS: MIDDLE EAST

• IMPACT ON COPPER: With Strait of Hormuz risks pushing energy and transport costs higher, market participants increasingly see the continuing conflict as a major catalyst for copper prices.

COPPER MARKET: TIGHT SUPPLY AND RISING DEMAND SUPPORT 2026 OUTLOOK

• CITIGROUP. Citigroup claims copper is moving into a structural supply deficit while demand is being boosted by AI infrastructure, electrification, and power-grid expansion. Citi believes the market is underestimating how tight supply will become, which could effectively drive copper prices above current levels.
• 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.

EVENTS:

• FRIDAY, JUNE 5 AT 13:30 GMT+1: NONFARM PAYROLLS AND UNEMPLOYMENT RATE IN THE UNITED STATES (MAY). These key U.S. labor market indicators provide insight into employment conditions and economic strength.
• TUESDAY, JUNE 9 AT 04:00 GMT+1: CHINA EXPORT AND IMPORT DATA (MAY). As the world's largest copper consumer, stronger-than-expected trade data from China could support copper prices by signaling resilient demand and economic activity. In April, China's exports rose 25.3%, while imports increased 14.1%.
• WEDNESDAY, JUNE 10 AT 02:30 GMT+1: CHINA INFLATION (CPI) (MAY). China's inflation data remains one of the most important economic indicators of the country's economic performance. In April, inflation rose to 1.2% from 1.0% in March, suggesting improving economic activity. If this trend continues in May, copper prices could receive further support.
• WEDNESDAY, JUNE 10 AT 13:30 GMT+1: U.S. INFLATION (CPI) (MAY). US inflation rose to 3.8% in April, hitting its highest level in two years. May data will be released on Wednesday (June 10), and investors will be eager to see whether the trend has slowed or accelerated. US inflation has risen from 2.4% in February to 3.8% in April.

TECHNICAL ANALYSIS:

• DAILY MOVING AVERAGES (MA) POINT TO UPTREND: Copper prices are trading above the 20-, 50-, and 100-Day Moving Averages, pointing to an ongoing uptrend. However, Copper prices can also change their trend.
• UPTREND STRUCTURE: Price action as shown by the upward-sloping trend line (black), is indicating uptrend structure still holding since March 2026.
• SUPPORT AREA: $6.200 - $6.100: Copper recently climbed to a fresh all-time high of $6.7065 on May 13, finding support in the $6.200–$6.100 area. However, it could also decline.

GRAPH (Daily): December 2025 – June 2026

Please note that past performance does not guarantee future results

Copper, June 4, 2026
Current Price:  6.490

Example of calculation based on weekly market trend for 1.00 Lot¹

1.  The above calculations are made based on 1.00 lot which is equivalent of 10,000 units
2.  Calculations for exchange rate used as of 10:00 (GMT+1) 04/06/2026

You can use risk management tools such as Stop-Loss and Take-Profit