Copper has been trading above $4.0 per pound since the third week of February, a level not seen since August 2011 on the back of supply disruptions in some South American mines along with robust demand from China and prospects of a global economic rebound. Copper production in top producer Chile has been declining since mid-2020 due to Covid-19 disruptions and as the country faces a slew of collective bargaining at a time when prices embolden unions and companies battle to keep costs in check. Also, a new coronavirus wave in Chile prompted the closure of its borders, raising further concerns over mine supply risks. Meantime, the arrival of the peak consumption season and a strong US economic rebound along with President Biden’s multitrillion-dollar infrastructure plan continue to provide optimism to the copper bulls.

Historically, Copper reached an all time high of 4.63 in February of 2011. Copper - data, forecasts, historical chart - was last updated on April of 2021.

Copper is expected to trade at 3.96 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 3.64 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
59.3400 0.26 -0.44% 1.18% -7.91% 22.30% Apr/09
Brent
USD/Bbl
63.0500 0.15 -0.24% 1.45% -7.14% 21.72% Apr/09
Natural gas
USD/MMBtu
2.5180 0.00 -0.04% 0.28% -6.46% -0.83% Apr/09
Gasoline
USD/Gal
1.9636 0.00 0.22% 0.13% -5.57% 39.25% Apr/09
Heating oil
USD/Gal
1.8076 0.00 -0.12% 1.99% -5.72% 21.81% Apr/09
Ethanol
USD/Gal
1.9050 0.00 0.00% -0.26% 5.77% 32.94% Apr/09
Naphtha
USD/T
540.25 3.57 -0.66% -0.22% -8.33% 24.85% Apr/09
Propane
USD/Gal
0.85 0.02 -2.65% -10.71% -9.51% 30.98% Apr/09
Uranium
USD/Lbs
30.6000 0.15 -0.49% -2.08% 10.47% -0.33% Apr/09

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,743.74 12.20 -0.69% 0.86% 1.03% -8.05% Apr/09
Silver
USD/t.oz
25.260 0.17 -0.67% 1.16% -3.45% -4.17% Apr/09
Platinum
USD/t.oz
1,198.50 31.19 -2.54% -0.91% -0.35% 12.44% Apr/09

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,403.0000 12.25 -0.87% 0.07% -0.48% 7.37% Apr/09
Wheat
USd/Bu
638.5000 10.25 1.63% 4.50% -1.88% -0.31% Apr/09
Palm Oil
MYR/T
3,767.00 24.00 -0.63% 0.80% -5.21% 4.64% Apr/09
Cheese
USD/Lbs
1.7110 0.02 1.12% 1.00% 5.49% 3.95% Apr/08
Milk
USD/CWT
17.68 0.05 0.28% 0.45% 8.60% 11.90% Apr/09
Rubber
JPY/Kg
229.30 9.20 -3.86% -4.85% -15.42% -14.69% Apr/09
Orange Juice
USd/Lbs
109.35 0.05 0.05% 0.55% -2.80% -11.28% Apr/09
Coffee
USd/Lbs
127.00 0.85 -0.66% 4.01% -1.66% -0.97% Apr/09
Lumber
USD/1000 board feet
1,127.50 21.10 1.91% 10.43% 14.48% 29.14% Apr/09
Oat
USd/Bu
373.7500 3.00 -0.80% 0.47% -2.10% 3.60% Apr/09
Wool
AUD/100Kg
1,300.00 0.00 0.00% 0.00% -1.29% 11.02% Apr/09
Cotton
USd/Lbs
82.40 0.99 1.22% 5.80% -3.31% 5.48% Apr/09
Cocoa
USD/T
2,354.00 1.00 -0.04% 0.77% -14.49% -9.57% Apr/09
Rice
USD/cwt
13.0900 0.02 -0.15% -0.19% 2.63% 6.94% Apr/09
Canola
CAD/T
814.00 0.60 0.07% 6.04% 0.67% 29.31% Apr/09
Sugar
USd/Lbs
15.52 0.34 2.24% 4.58% -2.76% 0.19% Apr/09
Tea
USD/Kgs
2.65 0.00 0.00% -3.64% -10.77% -7.67% Apr/09
Corn
USd/BU
575.7500 3.75 -0.65% 2.86% 5.11% 18.96% Apr/09

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
20.32 0.00 0.00% 0.49% 4.63% 12.02% Apr/09
Feeder Cattle
USd/Lbs
144.7500 2.38 -1.61% -1.16% 6.28% 4.17% Apr/09
Live Cattle
USd/Lbs
123.4250 0.73 -0.58% 1.69% 3.92% 7.30% Apr/09
Lean Hogs
USd/Lbs
103.4750 0.00 0.00% 1.05% 16.56% 47.24% Apr/09
Poultry
BRL/Kgs
6.21 0.00 0.00% -1.90% -3.42% 3.33% Apr/09

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.0550 0.04 -1.09% -2.27% 0.32% 15.23% Apr/09
Lithium
CNY/T
90,000.00 0.00 0.00% 5.88% 27.66% 93.55% Apr/09
Bitumen
CNY/T
2,792.00 12.00 0.43% -4.58% -4.77% 17.21% Apr/09
Steel
CNY/T
5,105.00 8.00 -0.16% 0.57% 11.37% 20.97% Apr/09
Coal
USD/T
87.63 0.62 -0.70% -5.21% 6.31% 7.89% Apr/09
Palladium
USD/t.oz
2,639.24 14.44 0.55% -1.01% 14.43% 7.83% Apr/09
Cobalt
USD/T
49,750.00 0.00 0.00% -0.50% -5.44% 54.55% Apr/09
Lead
USD/T
1,956.25 4.60 -0.23% 0.76% 1.91% -0.99% Apr/09
Aluminum
USD/T
2,258.75 3.50 0.16% 2.94% 5.27% 14.04% Apr/07
Tin
USD/T
25,980.00 145.00 0.56% 2.85% 7.12% 27.89% Apr/07
Zinc
USD/T
2,833.50 2.50 0.09% 0.95% 1.75% 3.00% Apr/07
Nickel
USD/T
16,581.00 201.25 -1.20% 2.56% 3.63% 0.17% Apr/09
Molybdenum
USD/Kg
28.05 0.00 0.00% 0.00% -4.10% 19.36% Apr/09
Iron Ore
USD/T
171.00 1.50 0.89% 2.40% 3.64% 7.89% Apr/09
Soda Ash
CNY/T
1,752.00 0.00 0.00% 0.00% 5.80% 30.75% Apr/09
Neodymium
CNY/T
777,500.00 0.00 0.00% 0.00% -9.06% 24.90% Apr/09
Iron Ore 62% fe
USD/T
170.32 0.13 -0.08% 3.92% 1.12% 9.29% Apr/09
Rhodium
USD/t oz.
29,000.00 100.00 -0.34% 8.61% 4.32% 70.59% Apr/09
Manganese
CNY/T
30.00 0.00 0.00% 0.00% -4.00% -4.00% Apr/09

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
198.45 0.67 -0.33% 0.02% -2.61% 11.31% Apr/09
LME Index
Index Points
3,882.90 0.00 0.00% 2.59% 2.67% 13.72% Apr/09
S&P GSCI
Index Points
2,263.29 7.13 -0.31% -0.58% -2.95% 14.48% Apr/09