Copper futures climbed above the $4.7 per pound mark for the first time, as inventories stand at levels not seen in fifteen years, while speedy vaccination rollouts and trillions in dollars of economic stimulus boosted demand. Recent economic readings from the United States and China reinforced this view, while President Biden’s multitrillion-dollar infrastructure plan lent further optimism to the copper bulls. Also, given how crucial copper is in the transition to a carbon-free world, demand is due to outstrip supply due to lack of investment by large miners. .

Historically, Copper reached an all time high of 4.86 in April of 2021. Copper - data, forecasts, historical chart - was last updated on May of 2021.

Copper is expected to trade at 4.63 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 4.26 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 YTD Date
Crude Oil
USD/Bbl
64.9000 0.19 0.29% 2.08% 8.89% 33.76% May/07
Brent
USD/Bbl
68.2400 0.15 0.22% 2.22% 7.97% 31.74% May/07
Natural gas
USD/MMBtu
2.9700 0.04 1.43% 1.33% 17.76% 16.98% May/07
Gasoline
USD/Gal
2.1298 0.02 0.85% 2.58% 8.70% 51.04% May/07
Heating oil
USD/Gal
2.0094 0.02 1.00% 4.53% 11.03% 35.40% May/07
Ethanol
USD/Gal
2.3400 0.00 0.00% 0.43% 22.83% 63.29% May/07
Naphtha
USD/T
591.36 0.69 0.12% 5.99% 8.74% 36.67% May/07
Propane
USD/Gal
0.80 0.01 -0.66% -2.31% -10.62% 23.80% May/07
Uranium
USD/Lbs
30.5000 0.05 -0.16% 4.63% -0.81% -0.65% May/07

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,830.95 15.77 0.87% 3.53% 4.27% -3.46% May/07
Silver
USD/t.oz
27.420 0.13 0.46% 5.87% 7.83% 4.03% May/07
Platinum
USD/t.oz
1,249.00 3.66 -0.29% 4.21% 1.57% 17.17% May/07

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,621.0000 15.50 0.97% 3.18% 14.54% 24.05% May/07
Wheat
USd/Bu
774.0000 8.75 1.14% 4.24% 23.10% 20.84% May/07
Lumber
USD/1000 board feet
1,702.00 57.00 3.47% 13.43% 53.83% 94.94% May/07
Cheese
USD/Lbs
1.8220 0.01 -0.71% 6.92% 7.68% 10.69% May/06
Palm Oil
MYR/T
4,427.00 212.00 5.03% 14.45% 16.78% 22.97% May/07
Milk
USD/CWT
18.82 0.08 -0.42% 6.69% 6.75% 19.11% May/07
Orange Juice
USd/Lbs
110.30 3.70 -3.25% 0.68% 0.91% -10.51% May/07
Wool
AUD/100Kg
1,319.00 0.00 0.00% -1.71% 1.46% 12.64% May/07
Rice
USD/cwt
14.1050 0.05 -0.32% 5.38% 7.59% 15.24% May/07
Canola
CAD/T
1,045.30 42.20 4.21% 17.45% 28.51% 66.05% May/07
Tea
USD/Kgs
2.91 0.00 0.00% 5.05% 9.81% 1.39% May/07
Rubber
JPY/Kg
258.80 1.80 0.70% 8.97% 8.51% -3.72% May/07
Coffee
USd/Lbs
150.95 1.95 1.31% 4.90% 18.07% 17.70% May/07
Oat
USd/Bu
405.5000 3.75 -0.92% 2.40% 7.63% 12.40% May/07
Sugar
USd/Lbs
17.47 0.08 -0.46% 0.17% 15.09% 12.78% May/07
Cocoa
USD/T
2,422.00 50.00 2.11% 3.42% 2.85% -6.95% May/07
Cotton
USd/Lbs
89.66 0.18 0.20% 2.46% 10.13% 14.77% May/07
Corn
USd/BU
772.0000 12.50 1.65% 4.32% 33.16% 59.50% May/07

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
20.36 0.00 0.00% -0.15% 0.20% 12.24% May/07
Poultry
BRL/Kgs
7.15 0.00 0.00% 7.04% 15.14% 18.97% May/07
Feeder Cattle
USd/Lbs
131.7250 1.25 0.96% -1.40% -10.47% -5.20% May/07
Lean Hogs
USd/Lbs
111.9750 0.58 0.52% 1.68% 8.21% 59.34% May/07
Live Cattle
USd/Lbs
116.0250 0.55 0.48% -0.47% -6.54% 0.87% May/07

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.7660 0.15 3.18% 6.41% 16.26% 35.44% May/07
Coal
USD/T
91.75 1.02 -1.10% -0.14% 3.97% 12.96% May/07
Steel
CNY/T
5,474.00 51.00 0.94% 2.09% 7.06% 29.72% May/07
Iron Ore
USD/T
207.00 10.00 5.08% 10.70% 22.12% 30.60% May/07
Lithium
CNY/T
90,000.00 0.00 0.00% 0.00% 0.00% 93.55% May/07
Bitumen
CNY/T
3,106.00 48.00 1.57% 3.53% 11.73% 30.39% May/07
Cobalt
USD/T
45,165.00 0.00 0.00% 0.00% -9.22% 40.31% May/07
Lead
USD/T
2,220.20 16.80 0.76% 3.89% 13.23% 12.37% May/07
Aluminum
USD/T
2,534.75 23.50 0.94% 4.73% 10.88% 27.97% May/07
Tin
USD/T
29,787.50 285.00 -0.95% 5.06% 15.61% 46.63% May/07
Zinc
USD/T
3,025.25 79.00 2.68% 3.59% 5.70% 9.97% May/07
Nickel
USD/T
18,052.50 140.25 0.78% 2.26% 7.57% 9.06% May/07
Molybdenum
USD/Kg
27.00 0.00 0.00% 0.00% -3.74% 14.89% May/07
Palladium
USD/t.oz
2,926.51 20.16 -0.68% -0.27% 11.49% 19.56% May/07
Manganese
CNY/T
31.50 0.75 2.44% 2.44% 5.00% 0.80% May/07
Rhodium
USD/t oz.
28,900.00 400.00 -1.37% -2.03% -0.69% 70.00% May/07
Soda Ash
CNY/T
1,762.00 0.00 0.00% 0.57% 0.57% 31.49% May/07
Neodymium
CNY/T
695,000.00 0.00 0.00% 0.00% -9.15% 11.65% May/07
Iron Ore 62% fe
USD/T
204.35 6.67 3.37% 13.76% 19.89% 31.13% May/07

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
219.94 1.82 0.83% 3.61% 10.46% 23.36% May/07
LME Index
Index Points
4,297.60 0.00 0.00% 2.86% 10.68% 25.86% May/07
S&P GSCI
Index Points
2,511.61 19.54 0.78% 3.38% 10.62% 27.04% May/07