S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketCopper futures rose to around $5.5 per pound in late December, extending near a five-month high, as tight supply and robust US economic growth underpinned prices. The US economy expanded at its fastest pace in two years in Q3, boosted by consumer spending, exports, and industrial activity, supporting copper-intensive sectors. Supply pressures grew after years of underinvestment, mine outages, and China’s top smelters planning over a 10% output reduction in 2026 to address overcapacity. Trade uncertainty and US tariffs also prompted pre-emptive stockpiling, particularly for shipments to the US. Speculative flows were supported by a weaker US dollar and expectations of further Fed rate cuts. Structural demand remains strong, with EVs, renewable energy, power grids, and AI infrastructure driving long-term copper consumption. Broader base metals also reflect supply-side stress, with aluminum, zinc, and tin seeing significant annual gains, reinforcing market tightness for copper.
