MARKET OVERVIEW - Although copper has retreated from $10,000, it is still up 1.1% on a weekly basis.

Foreks - While basic metal prices are falling, the three-month copper on the LME decreased by 0.55% to $9,855 per metric ton, and the three-month aluminum dropped by 1% to $2,630 per ton. Copper prices continue to remain high, having briefly surpassed the $10,000 per ton level on Thursday, marking a weekly increase of 1.1%.

Commerzbank analysts noted that the rise in the U.S. commodity exchange, Comex, has become even more pronounced, pushing the gap between the two exchanges to a record level. According to Commerzbank, the strong response from the U.S. market indicates that concerns over potential import tariffs are driving prices up, although there is little new news on this front. While U.S. companies may increase copper stocks in the short term, this only brings demand forward, with the price effect expected to reverse at a later stage.