Goldman Sachs predicts that copper prices will consolidate in 2026 under the baseline scenario, with an average price of $11,400 per ton.

1. Orders Power Plant to Continue Operating Beyond Its Original Demise – The U.S. government has ordered a Washington state coal-fired power plant to continue operating beyond its scheduled retirement date. This marks the third time the Trump administration has invoked emergency powers to keep a power plant running. 2. Criticizes Television Networks for Free Use of Public Broadcast Resources – Trump stated that the practice of television networks using public broadcast resources for free should no longer be allowed. They should be subject to proper licensing and regulation and pay substantial fees for using such valuable public resources. 3. Reveals New Fed Chair Will Support Significant Interest Rate Cuts – President Trump announced that the next Federal Reserve Chair will be announced soon. The new Fed Chair will advocate for significant interest rate cuts. 4. Provides Bonus for U.S. Soldiers – President Trump stated that over one million U.S. soldiers will receive a $1,776 "warrior bonus" before Christmas. 5. Seeking Gradual Pressure on Maduro —According to Politico, Trump's blockade of oil tankers off the Venezuelan coast highlights his current strategy toward Venezuelan President Maduro: isolating the strongman through gradual pressure tactics, rather than the major domestic actions Trump sometimes claims are imminent. 6. Signing the National Defense Authorization Act —US President Trump is expected to sign an executive order at 1:30 p.m. ET (2:30 a.m. Beijing time the following day). Additionally, Trump is expected to sign the National Defense Authorization Act at 6:00 p.m. ET (7:00 a.m. Beijing time the following day). 7. Boasting of His Achievements —US President Trump delivered a rare evening address from the White House on Wednesday, boasting of his achievements and blaming the previous administration for soaring consumer prices as Republicans prepare for next year's difficult midterm elections. 8. Intensifying Efforts to Revoke Citizenship —The Trump administration plans to intensify efforts to revoke the citizenship of some naturalized Americans. According to guidelines issued Tuesday to branches of U.S. Citizenship and Immigration Services, 100 to 200 denuclearization cases must be submitted to the Office of Immigration Litigation each month in fiscal year 2026. 9. Drug pricing agreement imminent – According to sources, the White House may announce a drug pricing agreement with pharmaceutical giants Novartis (NVS.N) and Roche as early as Friday. 10. Ensuring all Americans own stock – U.S. Treasury Secretary Bessenter: Trump Accounts can help ensure all Americans own stock. 38% of Americans do not own stock; our goal is to reduce that to zero.

European Commission President Ursula von der Leyen: We will strive to secure funding for Ukraine before the end of today.