COPPER SCRAP

Global Copper Price Analysis | October 2, 2026 : SO OK TRADING The year 2026 marks a historic turning point for the global metals market, with copper emerging as the strategic centerpiece of the new economy. Driven by the rapid expansion of AI Data Centers and the global Energy Transition, copper prices surged to record highs before entering a short-term correction in October, pressured by a stronger U.S. dollar, rising oil prices, and China’s economic slowdown. Despite near-term headwinds, structural fundamentals remain robust — from strategic stockpiling in the U.S. and China to rising demand across technology and clean energy sectors. Copper continues to stand as a “strategic metal”, reflecting both risks and opportunities in the evolving global economy. SO OK TRADING delivers in-depth analysis covering current market conditions, future outlook, and technical evaluations, providing a clear perspective on the global copper market — from record highs to correction, and toward a future that remains undeniably “hot.”

“The Copper Era Has Begun!” Global copper prices have surged to historic highs, reflecting the unstoppable momentum of the transition toward a green economy and future technologies. From electric vehicles (EVs) and renewable energy to AI data center infrastructure, copper is becoming the strategic asset powering the new century. In this analysis, SO OK TRADING takes you deep into the copper market outlook for 2026–2030, a period defined by a true Structural Bull Market. We also provide the latest update as of September 29, 2026, along with strategic insights for investors and industry players heading into the final quarter of the year. Get ready for insights you cannot afford to miss — because today, copper is no longer just a metal. It is the new energy of the global economy

In an era where the world is transitioning toward clean energy and future technologies, copper has emerged as the true strategic metal driving the global economy. China — the world’s largest consumer and smelter of copper — is now at the center, shaping both pricing and the global supply chain. From the Dexing Mine in Jiangxi Province to the Chating deposit in Anhui, China has built the most influential copper empire in Asia. At the same time, through mining giants such as Zijin Mining, Jiangxi Copper, and China Railway Group (CREC), China has expanded its influence globally, investing in copper projects from the Congo to South America. Meanwhile, the Yangshan Premium has surged to multi‑year highs, reflecting China’s genuine physical demand for copper and the tightening of supply in global markets. China is therefore not merely a “buyer” but has established itself as the game‑changer of the global copper market in the 21st century.

Non-Ferrous Scrap: From “Waste” to “Strategic Resource” Non-Ferrous Scrap is rapidly transforming from “industrial waste” into a strategic resource. Nations worldwide are competing to secure this material to drive the Circular Economy and achieve Net Zero Carbon by 2050. The demand for copper and aluminum is surging at unprecedented levels, fueled by the growth of EVs, Energy Storage Systems (ESS), and AI Data Centers — positioning scrap as a critical backbone of the new industrial era. Thailand, as the ASEAN supply chain hub, holds immense opportunities. By upgrading sorting standards and certification systems, the country can rise as a leader in Green Industry and Circular Economy.

Global Non-Ferrous Metals Price Outlook (September 21–25, 2026) Market Overview with Ceiling–Average–Floor Forecasts Article by SO OK TRADING | September 20, 2026 Introduction The global non-ferrous metals market this week continues to face pressure from major macroeconomic factors, particularly the interest rate hikes by the U.S. Federal Reserve (Fed) and Gulf States. These moves have strengthened the U.S. dollar, exerting short-term downward pressure on commodity prices. However, supply tightness across key metals remains a critical support, preventing prices from breaking below major support levels. Market Outlook The London Metal Exchange (LME) is currently in a “Consolidation to Rebound” phase. While prices were pressured in mid-September, strong physical demand helped them recover by the end of last week. Copper and Zinc, in particular, are supported by supply disruptions, keeping prices elevated. SO OK TRADING’s Perspective Toward the end of September, the non-ferrous metals market is expected to remain range-bound but shows potential for medium-term recovery. Metals with tight supply conditions—Copper, Aluminium, and Zinc—will remain the key focus. For procurement teams in Thailand, adopting hedging strategies and term contracts is recommended to mitigate price volatility. Monitoring external factors such as the U.S. dollar’s trajectory and China’s economic indicators (PMI) will be essential in gauging real demand trends across Asia. SO OK TRADING FAST • SHARP • RELIABLE Your trusted partner in the global non-ferrous metals market

Non-Ferrous Recycling 2026 – Transforming Scrap into Global Strategic Resources SO OK TRADING | September 18, 2026 In a world driven by clean energy and the circular economy, non-ferrous metals are no longer seen as “waste.” They are being elevated into global strategic resources, shaping the future of electric vehicles (EVs), digital infrastructure, and low-carbon technologies. The recycling industry is becoming the beating heart of the green transition — where Copper, Aluminum, Lead, and Zinc are not just raw materials, but the driving force behind a sustainable future. SO OK TRADING, as a trusted international partner from Thailand, is committed to delivering high-quality non-ferrous recycling to the global market. With expertise in Smart Sorting, AI Integration, and Circular Economy Solutions, we set new standards for metals in the low-carbon era. ✨ FAST • SHARP • RELIABLE SO OK TRADING – The true leader in Non-Ferrous business from Thailand

“Fed Raises Interest Rate 0.25% — Global Shock, Thai Impact: SO OK TRADING’s In-Depth Analysis on Non-Ferrous Metals and Thailand’s Economy”

“LME Slumps – Strong Dollar Pressures Metal Market and Thai Baht | SO OK TRADING | 14 September 2026” The London Metal Exchange (LME) saw a significant decline today, following recent record highs across several metals. The downturn was driven by concerns over U.S. inflation and expectations of further interest rate hikes by the Federal Reserve (Fed), which strengthened the U.S. dollar and triggered profit-taking across global metal markets. This development not only impacts commodity prices but also led to the Thai baht weakening to 33.25 per U.S. dollar, directly affecting both import costs for metals and export revenues for Thai businesses. This analysis by SO OK TRADING provides an in-depth look at industrial and precious metal markets, currency trends, and price directions to watch in late 2026 — offering valuable insights for strategic planning and effective risk management.

Copper Scrap: Strategic Resource in the Circular Economy Era In today’s world, where clean energy and advanced technologies are driving the global economy, copper scrap has transformed from what was once considered mere recyclable waste into a strategic resource. It plays a vital role in future industries — from electric vehicles (EVs) and artificial intelligence (AI) to data centers and renewable energy. With the unique property of being 100% recyclable without losing its physical or chemical qualities, copper scrap has become the backbone of the Circular Economy and the Green Supply Chain. Globally, it is recognized as an essential resource for building a sustainable economy and reducing carbon footprints across every stage of production.

Industrial & Precious Metals Outlook A Week of Pressure from FED (High Probability of Rate Hike) and Strong Dollar | 14–18 September 2026 | SO OK TRADING Introduction This week, the industrial and precious metals markets are entering a phase of high volatility, driven by macroeconomic pressures. The key factors are the anticipated interest rate hike by the U.S. Federal Reserve (FED) and the strengthening U.S. dollar, both of which directly impact global commodity prices. At the same time, the market continues to be supported by structural demand from modern industries such as Electric Vehicles (EV), Data Centers, Renewable Energy, and China’s large-scale power grid projects. These forces help prevent a sharp decline in prices despite external pressures. Overall, major metals such as Copper, Aluminium, Zinc, and Tin remain in high trading ranges, supported by historically low stock levels. Meanwhile, Gold and Silver continue to move within narrow bands under the weight of interest rate expectations and dollar strength. Key Trends This Week

Copper & Aluminium: Strategic Metals Shaping the Future of Thailand’s Industry SO OK TRADING | 11 September 2026 Thailand is entering a new industrial era powered by clean energy and advanced technologies. At the heart of this transformation, copper and aluminium have become indispensable strategic metals. Together, their demand exceeds 1.3 million tons per year, spanning across key sectors such as manufacturing, electric vehicles (EVs), construction, electronics, and sustainable packaging. Although Thailand lacks domestic raw ore and primary smelting facilities, the nation’s strength lies in its import integration, processing capabilities, and efficient recycling systems, positioning Thailand as a vital hub for the non-ferrous metals market in ASEAN. In the coming decade, copper will be elevated as a “Strategic Metal”, driving smart energy systems and digital infrastructure. Aluminium, meanwhile, will thrive as a “Metal of Sustainability”, supporting the Circular Economy and reducing carbon footprints. SO OK TRADING stands as your trusted partner, delivering high-quality metals to build a stronger, more sustainable, and globally competitive future for Thailand’s industry. ✨ SO OK TRADING — FAST • SHARP • RELIABLE

SO OK TRADING — The True Leader in Non‑Ferrous Metals from Thailand In an era where global industries are moving toward sustainability and new quality standards, SO OK TRADING stands as a name that reflects trust, professionalism, and strength in the non‑ferrous metals market. We are a strategic partner, ready to meet the diverse needs of customers and industries worldwide. ⚙️ Our Core Products Aluminum P1020 (Primary Ingot) — Premium aluminum (99.7% purity, LME certified), ideal for packaging, wiring, and construction. Copper Cathode — High‑grade copper for electrical and electronic applications. Lead Bullion — Pure lead (recycled from batteries) for battery and alloy industries. Silicon Metal — For alloys, chemicals, construction, and semiconductors. Non‑Ferrous Metals of All Types — From recycled scrap to refined metals for automotive, electronics, and construction sectors.

During the week of September 7–11, 2026, the global economy remained in a state of being both heated and fragile. Prolonged conflict in the Middle East, soaring energy prices, and geopolitical uncertainties continued to disrupt global supply chains. Yet, on the other hand, Artificial Intelligence (AI) has emerged as a crucial driving force, helping sustain global growth in remarkable ways. According to the IMF, world GDP in 2026 is still projected to grow by 3.0%, despite mounting pressures from high energy costs and rising public debt. Businesses worldwide are adapting to the era of the AI-Driven Economy, which has become the new engine of investment and production. In this article, SO OK TRADING presents a comprehensive overview of the global economy for the week, covering developments in the United States, China, Europe, and the Middle East. We also analyze energy markets, metals, and global financial trends to provide a clear picture of the world economy in transition. ✨ Read the full analysis at SO OK TRADING : FAST | SHARP | RELIABLE

“The Future of EV Industry 2026 ⚡ Strategic Transition & The Role of Non-Ferrous Metals” By SO OK TRADING — September 9, 2026 2026 marks a pivotal turning point for the global and Thai electric vehicle (EV) industry. After years of rapid growth, the market is entering a “strategic adjustment phase” defined by intense price competition, localization of production, and mounting geopolitical pressures. At the same time, Non-Ferrous Metals — Lithium, Nickel, Copper, Aluminium, and Cobalt — have become the backbone of EV manufacturing. Each EV requires 3–6 times more minerals than a traditional internal combustion engine vehicle, making these resources critical to the industry’s future. Globally, the EV market is shifting toward the Mass Market, driven by affordable EV models and the commercialization of Solid-State Batteries. In Thailand, the transition to domestic production (CKD) under the 30@30 policy is accelerating, with annual BEV registrations projected to exceed 125,000 units. Non-Ferrous Metals are no longer just raw materials — they are the “new economic engine” linking the automotive industry to clean energy and the circular economy. SO OK TRADING — Your Trusted Partner in Non-Ferrous Metals FAST | SHARP | RELIABLE

LME Metals Market Analysis : SO OK TRADING : September 8, 2026 “Copper Soars to Record Highs – Aluminum Holds Firm – Zinc Faces Shortages as Base Metals Become the Lifeblood of the Global Economy” ✨ Introduction On September 8, 2026, the global metals market marked a historic milestone. Copper prices on the London Metal Exchange (LME) surged to an all-time high of US$14,533 per ton, reflecting mounting pressure from U.S. import tariffs and unprecedented supply constraints worldwide. At the same time, other metals such as aluminum, zinc, tin, and nickel moved in directions that highlight the structural transformation of the global economy — shifting from the industrial age to the era of AI, data centers, and renewable energy.

Copper Supercycle 2026: The New Oil of the Green Economy From Subprime to AI Boom — The Copper Journey 2010–2026 By SO OK TRADING | 8 SEP 2026 ✨ Introduction Copper is rapidly becoming the “strategic metal” driving the modern global economy, much like oil in the last century

Non-Ferrous Metal Power Play: LME vs ShFE vs COMEX Metal Trading Hub 2026: From London to Asia — Copper, Aluminium & Beyond By SO OK TRADING • September 7, 2026

“Copper & Aluminum Supercycle 2026–2027: The Heart of the New Economy in the Age of AI & Clean Energy” Price Outlook & Supply–Demand Situation | Global Market Outlook | BY SO OK TRADING | 5 SEP 2026

Copper Cathode EQ Grade – The Strategic Metal Shaping the Future of Energy and Industry SO OK TRADING | September 3, 2026 Introduction As the world transitions toward clean energy and smart technologies, Copper Cathode EQ Grade (Electrolytic Copper Grade) has emerged as a cornerstone of global infrastructure development. With purity levels of ≥ 99.99%, refined through advanced electrolytic processes, it achieves ultra-high conductivity (≥ 100–101% IACS) and minimal impurities — earning its place as a true strategic metal. This copper is far more than a conventional material; it is the power of the future. It drives every system of the modern world — from high-voltage cables in smart cities, to motors and batteries in electric vehicles (EVs), and even the cooling systems of AI data centers that fuel the digital economy. While the global market faces environmental challenges and supply constraints from major producers such as Chile and Peru, EQ Grade copper is rapidly expanding across Southeast Asia. Thailand, in particular, is positioning itself as a hub for EV manufacturing and digital infrastructure in the region. SO OK TRADING, as a trusted partner in the non-ferrous metals industry, is committed to delivering high-quality Copper Cathode EQ Grade from world-class sources, supporting the growth of clean energy and future industries. ✨ Copper Cathode EQ Grade — The Strategic Metal Powering Tomorrow’s Energy Revolution. SO OK TRADING | FAST • SHARP • RELIABLE

Copper Outlook 2026–2027: Structural Bull Run Global & Thailand Copper Market Update — 1 September 2026 ✨ Introduction Copper is becoming the “heart of the modern economy”, much like oil in the past century. With surging demand from AI Data Centers (Hyperscale), Electric Vehicles (EVs), and Clean Energy Infrastructure, copper is now recognized as “The New Oil” of global industry. Meanwhile, supply constraints from major mines in Chile and Indonesia continue to tighten the market, driving prices toward new record highs.

Thailand Economy 2026–2032: Non-Ferrous Metals Driving the Clean Energy & Digital Transition SO OK TRADING | FAST • SHARP • RELIABLE

SO OK TRADING – Trusted Non-Ferrous Expert 31 August 2026 SO OK TRADING is your trusted business partner in the Non-Ferrous Metals industry. We are committed to supplying high-quality raw materials that meet international standards, ensuring on-time delivery and flexible sourcing solutions. With over 10 years of expertise in the global metals market, we connect the world to Thailand, and Thailand to the world, creating new opportunities for our partners. ⚙️ Our Product Range We provide a full spectrum of Non-Ferrous Metals: