MARKET RECAP → Stocks closed slightly lower on Monday as pressure mounted on key AI stocks.

📊 COPPER COULD HIT NEW HIGHS → Copper’s rally shows no signs of cooling as supply tightness, strategic demand drivers, and U.S. stockpiling lift prices toward historic levels — though volatility and policy shifts could still temper the run.

🧾 PEACE PUSH IN BERLIN → Ukraine peace talks in Berlin are making headway with proposals for NATO-style security guarantees and progress on most agenda items — but territorial disagreements and real-world combat persist as key hurdles

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For the week beginning December 15, 2025

📈 Prices surge as traders load into U.S. markets: Copper prices are climbing toward record territory as traders rush to bring the metal into the United States, driven by tight global supply and robust demand from key sectors like renewable energy, EVs, and AI data-center infrastructure. Signs of strong short-position covering and elevated warehouse inventories in U.S. exchanges reflect speculative momentum and inventory buildup.

⚠️ Supply constraints meet demand boom: Structural supply issues — from mining disruptions to declining ore grades — are colliding with rising demand for electrification and data-heavy technologies. This imbalance has pushed copper to multi-year highs and could support elevated price levels if production doesn’t keep pace.

🇺🇸 U.S. imports and tariff dynamics matter: A combination of strong U.S. price signals and import flows — partly tied to tariff considerations and arbitrage opportunities — is drawing copper stocks into the U.S. market. That dynamic, coupled with weaker global economic data (notably in China), underscores how regional forces are shaping global copper pricing this season.

🤝 Negotiations Gaining Traction: Ukraine-Russia peace talks, hosted in Berlin with U.S. and European mediators, continue into a pivotal week as diplomats work to narrow differences. U.S. envoys led by Steve Witkoff and Jared Kushner have brokered progress on most issues, with about 90 % of a U.S.-drafted peace plan tentatively agreed among negotiators.

🛡️Security Guarantees vs. Territory Dispute: One of the biggest developments is a proposition to offer Ukraine legally binding security guarantees similar to NATO’s Article 5, aimed at assuring Kyiv’s defense without full alliance membership — a potential compromise that could reshape European security dynamics. At the same time, major sticking points remain, particularly territorial control of the Donetsk region, which U.S. officials have suggested Ukraine must address for a final deal.

🗳️ Domestic & International Stakes: The diplomatic balancing act reflects deep domestic resistance in Ukraine to territorial concessions, and ongoing conflict on the ground continues with air and drone strikes even as leaders negotiate. European leaders, including German Chancellor Friedrich Merz, underscore the importance of a lasting peace supported by robust security guarantees.

Trump admin to hire 1,000 specialists for ‘Tech Force’ to build AI, finance projects (CNBC)

An options strategy that could tap Netflix’s value no matter what happens with Warner Bros. deal (CNBC)

CNBC Daily Open: Investors sell off tech despite steady Broadcom numbers (CNBC)

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