Actual
6.4695
Daily Change
0.003 0.04%
Monthly
-1.93%
Yearly
41.21%
Q3 Forecast
6.6399
Copper - Summary

Copper futures traded around $6.45 per pound on Friday after plunging nearly 5% in the previous session, pressured by reports that the US is reconsidering plans to impose import tariffs on refined metals. US officials were reportedly concerned that the proposed levies could push domestic copper prices even higher and increase manufacturing costs. The metal surged to record highs earlier this week as traders redirected shipments to US warehouses to capitalize on tariff-driven gains in local prices, tightening global supplies. This came amid ongoing shortages of sulfuric acid for major copper refiners worldwide, as supply pressures from GCC countries prompted China to suspend exports. Mined supply has also weakened, with Codelco and Freeport-McMoRan reportedly posting double-digit production declines, shortly after the International Copper Study Group pointed to a 1.1% drop in global output during the first half of the year.

Copper - Stats

Copper rose to 6.47 USD/Lbs on September 11, 2026, up 0.04% from the previous day. Over the past month, Copper's price has fallen 1.93%, but it is still 41.21% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Copper reached an all time high of 6.83 in August of 2026. Copper - data, forecasts, historical chart - was last updated on September 11 of 2026.

Copper - Forecast

Copper rose to 6.47 USD/Lbs on September 11, 2026, up 0.04% from the previous day. Over the past month, Copper's price has fallen 1.93%, but it is still 41.21% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Copper is expected to trade at 6.64 USd/LB by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7.24 in 12 months time.



Price Day Month Year Date
Gold 4,350.36 33.02 0.76% -1.32% 19.41% Sep/11
Silver 64.27 0.717 1.13% -1.62% 52.29% Sep/11
Copper 6.47 0.0025 0.04% -1.93% 41.21% Sep/11
Steel 3,071.00 -24.00 -0.78% 2.13% 0.82% Sep/11
Lithium 142,250.00 -2500 -1.73% -3.89% 96.34% Sep/11
Platinum 1,801.60 0.50 0.03% 1.83% 29.00% Sep/11
Iron Ore 98.02 -0.66 -0.67% 3.08% -7.03% Sep/11



Related Last Previous Unit Reference
Chile Copper Production 403.42 447.29 Thousands of Tonnes Jul 2026
Peru Copper Production 226096.00 230070.00 Tonnes May 2026

Copper
Copper is one of the most widely used industrial metals in the world and is closely monitored as a barometer of global economic activity. It plays a critical role in construction, electronics, power generation, and renewable energy systems, making its price sensitive to changes in industrial demand and economic growth. Copper futures are actively traded on major exchanges, including the London Metal Exchange (LME) and the COMEX. Standard contracts typically represent 25,000 pounds of copper. On the supply side, Chile accounts for the largest share of global copper mining, followed by Democratic Republic of the Congo, Peru, China, and the United States. Major consumers and importers of copper include China, Japan, India, South Korea, and Germany. Copper prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
6.47 6.47 6.83 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Holds Decline as Tariff Fears Ease
Copper futures traded around $6.45 per pound on Friday after plunging nearly 5% in the previous session, pressured by reports that the US is reconsidering plans to impose import tariffs on refined metals. US officials were reportedly concerned that the proposed levies could push domestic copper prices even higher and increase manufacturing costs. The metal surged to record highs earlier this week as traders redirected shipments to US warehouses to capitalize on tariff-driven gains in local prices, tightening global supplies. This came amid ongoing shortages of sulfuric acid for major copper refiners worldwide, as supply pressures from GCC countries prompted China to suspend exports. Mined supply has also weakened, with Codelco and Freeport-McMoRan reportedly posting double-digit production declines, shortly after the International Copper Study Group pointed to a 1.1% drop in global output during the first half of the year.
2026-09-11
Copper Plunges from Record
Copper futures in the US plummeted to $6.45 on Thursday from the record high of $6.5 earlier in the session on reports that the US will backtrack on copper tariffs. The White House is reconsidering its earlier signal to place levies on refined copper products due to high inflation for manufacturers ahead of the midterms. Expectations that the US would add refined copper to tariffs on semi-finished products triggered a surge in global prices and large inflows of metal into North America. This coincided with the ongoing shortages of sulfuric acid for major copper refiners worldwide as supply pressures from GCC countries drove China to halt their exports. Consequently, backwardation curves steepened both in major Western copper exchanges. Mined supply has also faltered with reports from Codelco and Freeport-McMoRan posting double digit declines in production, shortly after the International Copper Study Group pointed to a 1.1% decline in global production in the first half of the year.
2026-09-10
Copper is down by 5%
Copper decreased 5% to 6.4636 USD/Lbs
2026-09-10