Copper futures broke above $4.7 per pound for the first time in nearly five months, tracking gains in other metals such as aluminum and zinc as output cuts driven by power crunch in Europe and Asia more than offset worries over falling demand at metals-manufacturing companies. Also, the latest data showed imports of unwrought copper and copper products to Chinese ports rose month-over-month to 406,016 tonnes in September, after five months of decreases, as shipments previously held up by pandemic curbs made their way into the world’s largest copper consumer.

Historically, Copper reached an all time high of 4.90 in May of 2021. Copper - data, forecasts, historical chart - was last updated on October of 2021.

Copper is expected to trade at 4.81 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 5.10 in 12 months time.

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Price Day Month Year
Gold 1,765.68 1.94 0.11% 0.10% -7.38%
Silver 23.24 0.046 0.20% 4.47% -5.14%
Copper 4.72 0.0095 0.20% 14.63% 53.23%
Steel 5,572.00 -115.00 -2.02% -5.16% 52.95%
Iron Ore 115.00 0 0% 10.05% -2.95%
Lithium 181,000.00 0 0% 33.09% 33.09%
Platinum 1,038.80 2.87 0.28% 14.06% 19.26%

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.