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In December, LME 3M copper prices traded within a range of $11,121–$12,960, ending the month at $12,496.5 and posting a monthly gain of 11.82%. The rally was primarily driven by intensifying supply-side concerns, supported by robust macroeconomic signals from the United States and a persistently weaker U.S. dollar. Prices found early support following the approval of production cut plans for 2026 by major Chinese smelters, the world’s largest copper consumers, alongside Codelco’s record-high...

In November, 3M LME copper traded in a range of $10,557.5 to $11,210.5. Prices began the month under pressure as weaker-than-expected factory and trade data from China raised concerns about global growth. Later on, the market found support from several drivers: FOMC minutes and comments from Fed officials revealed differing views within the Committee, while stronger-than-expected U.S. nonfarm payrolls added to policy uncertainty. Additional momentum came from reports that Nvidia may resume...

During October, 3M LME copper traded within the range of $10,263 to $11,200. Prices started the month on a positive note, supported by ongoing supply concerns, despite low trading volumes due to China’s National Day holiday (October 1–8), when Chinese exchanges were closed. At the beginning of the month, copper prices gained momentum after China announced a support plan aimed at revitalizing the non-ferrous metals sector and promoting the use of high-quality copper materials. Additional...