[US Dollar Index Hits Two-Year High, Copper Prices Face Resistance]
Macro side, the market expects Trump's policies to boost the US dollar, with the US dollar index continuing to hit a new high since November 2022, weighing on copper prices.
Domestically, Qiang Li emphasized during a survey in Shandong that this year efforts should continue to implement the trade-in policy for consumer goods and vigorously promote the construction of charging and battery swapping infrastructure.
![Imported supply replenishment combined with widening backwardation, Shanghai spot copper premiums retreat after rapid rise [SMM Shanghai Spot Copper Weekly Review]](https://imgqn.smm.cn/usercenter/KTLHT20251217171714.jpeg)
![구리 사회 재고 88,900톤으로 감소, 광둥성 연중 최저치 기록 [SMM 주간 데이터]](https://imgqn.smm.cn/usercenter/gCNEi20251217171715.jpeg)
