Research & Stock Picks

Company Reports

10 February 2025

By

Copper Weekly (3 – 7 January 2025): Avg. USD 9,068/ton (+1.3% WoW)

Recent Catalysts Driving the Price

  • In the last five trading days, copper prices rose +1.3% WoW to USD 9,068/ton, supported by bullish sentiment on Chinese assets, fuelled by multiple domestic and international institutional activities, including Deepseek (semi-conductor user), and post-Chinese New Year rebound in demand.
  • Additionally, Chile, the world's largest copper producer, raised its 2025 price estimate to USD 4.3/lb (USD 9,480/ton), even after rising production target to 5.8% MT (+4.6% YoY). This reflects strong expectations for copper usage this year. However, concerns over another US-China trade war may weigh on prices.
  • Despite recent price upticks, macro uncertainties persist, particularly regarding trade tensions and global economic risks. Thus, we maintain FY25 average copper price forecast at USD 8,500/ton (YTD: USD 8,994/ton), despite potential upside. Stock-wise, MDKA remains our top pick (TP: IDR 1,800; FY25 EV/EBITDA: 10.9x), supported by clear profitability path and the recent completion of the company’s Weda Bay smelter in 4Q24.

Share This:

harga tembaga turun

Download PDF

Download PDF

UPDATE_Copper_Weekly_20250210

Download PDF

UPDATE_Copper_Weekly_20250210

More Related

Morning Briefs

Dec 15, 2025

Economic Reports

Dec 15, 2025

Morning Briefs

Dec 12, 2025

Economic Reports

Dec 12, 2025

Economic Reports

Dec 11, 2025

Morning Briefs

Dec 11, 2025

Economic Reports

Dec 11, 2025

Morning Briefs

Dec 10, 2025

Economic Reports

Dec 10, 2025

Company Reports

Dec 9, 2025

Economic Reports

Dec 9, 2025

Morning Briefs

Dec 8, 2025

Company Reports

Dec 5, 2025

Morning Briefs

Dec 5, 2025

Economic Reports

Dec 5, 2025

Morning Briefs

Dec 4, 2025

Economic Reports

Dec 4, 2025

Morning Briefs

Dec 3, 2025

Economic Reports

Dec 3, 2025

Company Reports

Dec 2, 2025

Economic Reports

Dec 2, 2025

Economic Reports

Dec 1, 2025

Economic Reports

Dec 1, 2025

Economic Reports

Dec 1, 2025

Morning Briefs

Dec 1, 2025

Economic Reports

Nov 30, 2025

Morning Briefs

Nov 28, 2025

Economic Reports

Nov 28, 2025

Morning Briefs

Nov 27, 2025

Economic Reports

Nov 27, 2025

Morning Briefs

Nov 26, 2025

Economic Reports

Nov 26, 2025

Economic Reports

Nov 25, 2025

Morning Briefs

Nov 24, 2025

Economic Reports

Nov 24, 2025

Morning Briefs

Nov 21, 2025

Economic Reports

Nov 21, 2025

Economic Reports

Nov 20, 2025

Economic Reports

Nov 20, 2025

Morning Briefs

Nov 20, 2025

Economic Reports

Nov 20, 2025

Morning Briefs

Nov 19, 2025

Economic Reports

Nov 19, 2025

Company Reports

Nov 18, 2025

Economic Reports

Nov 18, 2025

Morning Briefs

Nov 17, 2025

Economic Reports

Nov 16, 2025

Morning Briefs

Nov 14, 2025

Company Reports

Nov 13, 2025

Economic Reports

Nov 13, 2025

Morning Briefs

Nov 13, 2025

Economic Reports

Nov 12, 2025

Morning Briefs

Nov 12, 2025

Economic Reports

Nov 11, 2025

Economic Reports

Nov 10, 2025

Morning Briefs

Nov 10, 2025

Morning Briefs

Nov 7, 2025

Economic Reports

Nov 6, 2025

Morning Briefs

Nov 6, 2025

Economic Reports

Nov 5, 2025

Economic Reports

Nov 5, 2025

Morning Briefs

Nov 5, 2025

laba bumi

Company Reports

Nov 5, 2025

Economic Reports

Nov 4, 2025

Economic Reports

Nov 3, 2025

Economic Reports

Nov 3, 2025

Economic Reports

Nov 3, 2025

Economic Reports

Nov 3, 2025

Morning Briefs

Nov 3, 2025

Company Reports

Oct 31, 2025

Morning Briefs

Oct 31, 2025