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).

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: Middle East tensions remain elevated, but emerging diplomatic progress—including reports of a potential U.S.–Iran peace framework and the pause of “Project Freedom”—has reduced immediate geopolitical risk and improved broader market sentiment. A weakening U.S. dollar could further liberate copper prices by making them more attractive globally. At the same time, supply-side pressures remain firm, with sharply higher sulfuric acid costs and ongoing logistical constraints in key mining regions, like the DR Congo, helping to keep copper prices supported at elevated levels.

EVENTS:

• FRIDAY, MAY 8 AT 13:30 GMT+1: U.S. NONFARM PAYROLLS (NFP) AND UNEMPLOYMENT RATE (APRIL). The report shows monthly job growth excluding agriculture. A weaker reading and higher unemployment would signal a softer labor market and raise expectations for Federal Reserve rate cuts.
• SATURDAY, MAY 9 AT 04:00 GMT+1: CHINA EXPORT AND IMPORT DATA (APRIL) (EXPORT PREVIOUS: +27.8%; IMPORT PREVIOUS: +2.5%).
• MONDAY, MAY 11 AT 02:30 GMT+1: CHINA INFLATION (CPI) (APRIL) (PREVIOUS: +1%).
• TUESDAY, MAY 12, 2026 AT 13:30 GMT+1: U.S. INFLATION (CPI) (APRIL). The report measures monthly and annual inflation. A lower-than-expected reading could soften inflation pressures and increase expectations for near-term Federal Reserve rate cuts.
• MONDAY, MAY 18 AT 03:00 GMT+1: CHINA INDUSTRIAL PRODUCTION (APRIL) (PREVIOUS: +5.7%).

TECHNICAL ANALYSIS:

• UPTREND STRUCTURE: Price action as shown by the upward-sloping uptrend channel (black), is indicating an uptrend since late March 2026.
• SUPPORT AREA: $5.950 - $5.800: This area has provided strong support for copper prices since December 2025. However, the price can also decline.

GRAPH (Daily): December 2025 - May 2026

Please note that past performance does not guarantee future results

Copper, May 6, 2026
Current Price:  6.150

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 13:00 (GMT+1) 06/05/2026

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