Copper prices remained below $3 per pound on Friday and were on course for an over 4.5% drop for the week, the first weekly loss since early-August as the dollar strengthen. Copper, which is a leading indicator of the health of the global economy, hit an over 2-year high in the previous week boosted by strong demand from top consumer China along with historically low inventories in London Metal Exchange registered warehouses. Meantime, traders await manufacturing data, a key indicator of industrial metals demand, from top consumer China to be released next week.

Historically, Copper reached an all time high of 4.63 in February of 2011. Copper - data, forecasts, historical chart - was last updated on September of 2020.

Copper is expected to trade at 2.89 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 2.66 in 12 months time.

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Copper


Copper
Copper futures are widely traded on the London Metal Exchange (LME), at the COMEX and on the Multi-Commodity Exchange in India. The standard contract is 25,000 lbs. Copper is the third most widely used metal in the world. Chile accounts for over one third of world's copper production followed by China, Peru, United States, Australia, Indonesia, Zambia, Canada and Poland. The biggest importers of copper are China, Japan, India, South Korea and Germany. Copper market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our copper market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Energy Price Day Weekly Monthly Yearly Date
Crude Oil
USD/Bbl
39.9900 0.25 -0.62% 1.73% -6.15% -28.75% Sep/28
Brent
USD/Bbl
41.6700 0.25 -0.60% 0.56% -7.97% -32.90% Sep/28
Natural gas
USD/MMBtu
2.1260 0.00 0.09% 13.51% -19.56% -8.76% Sep/28
Gasoline
USD/Gal
1.2087 0.01 -0.41% 1.91% -1.19% -24.69% Sep/28
Heating oil
USD/Gal
1.1201 0.00 -0.43% 0.52% -8.50% -41.22% Sep/28
Ethanol
USD/Gal
1.2850 0.01 -0.54% -4.53% 0.00% -13.00% Sep/25
Naphtha
USD/T
367.56 0.46 0.13% -1.35% -3.80% -23.34% Sep/25
Propane
USD/Gal
0.49 0.00 0.28% -0.54% -2.37% 9.97% Sep/25
Uranium
USD/Lbs
30.1000 0.00 0.00% -0.17% -7.38% 17.35% Sep/23

Metals Price Day Weekly Monthly Yearly Date
Gold
USD/t.oz
1,862.00 1.95 0.10% -2.64% -5.47% 26.49% Sep/28
Silver
USD/t.oz
22.873 0.01 0.06% -7.51% -18.95% 34.59% Sep/28
Platinum
USD/t.oz
853.15 6.15 0.73% -3.19% -8.22% -3.27% Sep/28

Agricultural Price Day Weekly Monthly Yearly Date
Soybeans
USd/Bu
1,003.0000 0.75 0.07% -1.84% 5.55% 10.71% Sep/28
Wheat
USd/Bu
545.0000 0.75 0.14% -1.62% 0.37% 9.93% Sep/28
Palm Oil
MYR/T
2,500.00 85.00 -3.29% -7.13% -2.69% 5.49% Sep/28
Cheese
USD/Lbs
1.7620 0.00 -0.06% 0.34% -16.45% -7.46% Sep/28
Milk
USD/CWT
16.34 0.01 -0.06% 0.49% -17.35% -10.61% Sep/28
Rice
USD/cwt
12.4950 0.05 0.36% -0.16% 1.96% 4.00% Sep/28
Rubber
JPY/Kg
222.80 5.30 2.44% 2.25% 11.62% 42.36% Sep/28
Oat
USd/Bu
284.7500 1.25 -0.44% 1.06% 7.45% 3.26% Sep/28
Wool
AUD/100Kg
1,036.00 0.00 0.00% 10.57% 11.52% -35.61% Sep/25
Tea
USD/Kgs
2.55 0.00 0.00% -20.56% -15.56% -19.05% Sep/25
Sugar
USd/Lbs
13.00 0.16 1.25% 1.80% 3.34% 9.06% Sep/25
Cocoa
USD/T
2,568.00 31.00 -1.19% -2.76% 1.66% 5.16% Sep/25
Coffee
USd/Lbs
113.65 2.50 2.25% 1.61% -7.45% 12.36% Sep/25
Orange Juice
USd/Lbs
105.75 1.15 -1.08% -10.61% -7.03% 6.02% Sep/25
Lumber
USD/1000 board feet
601.60 6.00 -0.99% 8.10% -34.29% 63.88% Sep/27
Cotton
USd/Lbs
64.57 0.09 -0.14% 1.16% 0.25% 8.07% Sep/28
Canola
CAD/T
519.40 1.10 0.21% -1.33% 4.26% 15.09% Sep/28
Corn
USd/BU
364.7500 0.25 -0.07% -1.42% 4.51% -5.99% Sep/28

Livestock Price Day Weekly Monthly Yearly Date
Beef
BRL/Kg
16.62 0.06 0.36% -0.06% 6.88% 52.34% Sep/25
Poultry
BRL/Kgs
5.98 0.00 0.00% 2.22% 22.54% 33.18% Sep/25
Feeder Cattle
USd/Lbs
140.3250 2.03 -1.42% -0.27% -1.51% -1.46% Sep/25
Live Cattle
USd/Lbs
107.6250 0.40 -0.37% 0.28% 3.44% 2.92% Sep/25
Lean Hogs
USd/Lbs
71.8000 2.35 3.38% 8.30% 29.25% 9.70% Sep/25

Industrial Price Day Weekly Monthly Yearly Date
Copper
USD/Lbs
2.9840 0.01 0.32% -1.70% -1.47% 16.36% Sep/28
Lithium
CNY/T
39,000.00 0.00 0.00% 0.00% 0.00% -33.90% Sep/28
Bitumen
CNY/T
2,150.00 64.00 -2.89% -11.08% -16.02% -32.64% Sep/25
Steel
CNY/T
3,611.00 17.00 -0.47% -1.66% -3.37% -1.15% Sep/25
Cobalt
USD/T
34,200.00 0.00 0.00% 0.00% 3.01% -5.00% Sep/25
Lead
USD/T
1,811.00 21.75 -1.19% -4.07% -7.14% -14.85% Sep/25
Nickel
USD/T
14,220.00 1.00 0.01% -4.25% -5.98% -17.42% Sep/25
Molybdenum
USD/Kg
20.98 0.00 0.00% 0.00% 11.89% -24.26% Sep/25
Iron Ore
USD/T
117.00 0.00 0.00% -6.02% -3.31% 25.81% Sep/25
Coal
USD/T
60.13 1.02 -1.67% 1.74% 16.19% -16.11% Sep/25
Aluminum
USD/T
1,760.75 0.00 0.00% -1.94% 0.60% 2.28% Sep/28
Tin
USD/T
17,217.50 192.50 1.13% -4.59% -5.03% 8.12% Sep/28
Zinc
USD/T
2,379.00 2.25 0.09% -6.61% -3.83% 0.04% Sep/28
Palladium
USD/t.oz
2,219.53 3.53 0.16% -2.38% -1.05% 32.55% Sep/28
Rhodium
USD/t oz.
13,800.00 200.00 -1.43% -3.50% 12.20% 158.67% Sep/25
Manganese
CNY/T
30.50 0.00 0.00% -2.40% -8.27% -17.57% Sep/25
Soda Ash
CNY/T
1,633.33 0.00 0.00% 0.00% 12.13% -6.13% Sep/25
Neodymium
CNY/T
442,500.00 1,500.00 -0.34% -2.10% -4.32% 8.59% Sep/25
Iron Ore 62% fe
USD/T
123.8100 0.16 -0.13% -2.58% 1.10% 33.26% Sep/25

Index Price Day Weekly Monthly Yearly Date
Baltic Dry
Index Points
1,667.00 62.00 3.86% 28.63% 10.47% -8.56% Sep/25
CRB Index
Index Points
157.60 0.00 0.00% -2.10% -2.68% -14.04% Sep/25
LME Index
Index Points
2,922.00 5.90 0.20% -4.08% -1.98% 5.32% Sep/25
S&P GSCI
Index Points
1,717.18 1.16 -0.07% -2.74% -4.62% -28.24% Sep/25