Copper Price Forecast for Next Week

Copper Price Forecast for Next Week (8th - 12th December 2025)

Copper prices in the US surged to $11,540 per ton, reaching multi-month highs due to concerns about potential import tariffs on refined copper amidst tight global supply. Prices have risen over 30% this year, influenced by mine outages and strong demand from power grids, data centers, and the electric vehicle sector. A 50% tariff on semifinished and derivative copper was imposed in August, though refined copper was initially excluded. The White House is contemplating a phased universal duty on refined copper by January 2027. Global copper inventories have increased to over 656,000 tons, the highest since 2018, with about 60% stored in US Comex warehouses.

MCX Copper December contract has been traded in a bullish trend for the 2nd consecutive week, incline by +5.49% and closed on a positive note at 1093.40. Price has continued to trade over its all key moving averages i.e. 20, 50 and 100-DEMA levels placed at 1032.90, 1001.40 and 965.70 respectively. Copper price has traded in a Rising channel over past couple of years and with Friday's closing, we can observe a breakout over a resistance-line of the channel. Daily SAR is placed at 1022.50. Immediate upside hurdle would be at psychological level of 1100 and if price sustains over this mark, we may expect further up move towards 1125.

Looking at Ol levels, we can observe gradual decline in Ol levels of December contract to 7860 lots in recent bullish momentum which signifies a Long unwinding in Copper. RSI levels are already near to 80 levels on Daily and Weekly timeframe.

We are expecting Moderately Bullish trend in next week in Copper and traders may look for Buy-on- dips opportunity.

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Prediction given by Technical Research Team - Choice.