Long-term contracts, supply source diversification, investment in recycling technologies: These are just some of the things that will play key roles in thriving within the evolving global metal market by way of proactive planning and data-driven decision-making. Equipped with expert insight and forecasting from SMM, a business can manage the complexities of the market for 2025 and into the future.

Overnight, LME copper opened at $9,178/mt, initially dipping to $9,155/mt before climbing steadily. Near the session's end, it peaked at $9,292/mt and finally closed at $9,291/mt, up 0.27%.

LME copper opened at $9,178/mt, initially dipped to $9,149/mt, then surged to a high of $9,297/mt during the session, and fluctuated rangebound at the close, finally settling at $9,266/mt, up 0.92%.

Last Friday evening, LME copper opened at $9,263/mt, briefly reaching a high of $9,274/mt at the beginning of the session. It then trended downward, hitting a low of $9,124/mt during the session, before slightly rebounding to close at $9,181.5/mt, down 0.69%.

Overnight, LME copper opened at $9,259/mt, fluctuated downward initially, and hit a low of $9,210/mt during the session. It then rebounded, fluctuated downward again before recovering, and reached a high of $9,267.5/mt at the session's end, finally closing at $9,245/mt, up by 0.3%.

Background: Currently, the Thai copper cathode market is in a state of undersupply and relies on imports, with most refined copper imports sourced from China, Japan, South Korea, etc. Although the Thai copper market is primarily dominated by long-term contracts, the spot market activity is relatively low. However, under the market's supply-demand dynamics, premiums have remained at a relatively high level for years, attracting certain market attention. Due to local policy incentives and changes in international conditions, an increasing number of downstream enterprises are establishing subsidiaries in Thailand, leading to a growing demand for CIF Thailand copper pricing. The market urgently needs a transparent and fair price.

Overnight, LME copper opened at $9,160.5/mt, initially declined to a low of $9,107.5/mt during the session, then fluctuated upward, reaching a high of $9,170/mt by the end of the session, and finally closed at $9,164/mt, with open interest at 280,000 lots.

Futures Market: Last Friday night, LME copper opened at $9,110/mt, initially rose to a high of $9,130.5/mt, then the center shifted lower and hovered in a wide range throughout the session. During the fluctuations, it bottomed at $9,048.5/mt intraday and continued to fluctuate widely towards the close, finally settling at $9,073.5/mt, down 0.42%.