Actual
6.3940
Daily Change
0.03 0.50%
Monthly
-4.91%
Yearly
25.53%
Q4 Forecast
6.6529
Copper - Summary

Copper futures fell toward $6.40 per pound on Thursday, reaching their lowest level in five weeks as a global selloff in artificial intelligence stocks dampened sentiment toward the metal. Copper remains a key beneficiary of AI expansion due to its essential role in data centers and power infrastructure. Prices also faced pressure this week amid speculation that the US may abandon proposed tariffs on refined copper imports. Markets increasingly expect the Trump administration to reconsider the measures ahead of the midterm elections, as global supplies tighten and inflationary pressures persist. Copper prices hit record highs last month after traders redirected shipments to US warehouses in anticipation of potential tariffs, reducing availability in other major markets. Meanwhile, supply concerns remain elevated amid the risk of labor strikes at major mining companies due to ongoing labor disputes.

Copper - Stats

Copper rose to 6.40 USD/Lbs on October 23, 2026, up 0.56% from the previous day. Over the past month, Copper's price has fallen 4.85%, but it is still 25.61% 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 6.85 in September of 2026. Copper - data, forecasts, historical chart - was last updated on October 23 of 2026.

Copper - Forecast

Copper rose to 6.40 USD/Lbs on October 23, 2026, up 0.56% from the previous day. Over the past month, Copper's price has fallen 4.85%, but it is still 25.61% 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 6.65 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 7.14 in 12 months time.



Price Day Month Year Date
Gold 4,014.92 -9.90 -0.25% -6.08% -2.36% Oct/23
Silver 53.91 -0.684 -1.25% -15.54% 10.94% Oct/23
Copper 6.39 0.0315 0.50% -4.91% 25.53% Oct/23
Steel 3,051.00 -5.00 -0.16% -1.80% -0.10% Oct/23
Lithium 99,350.00 -3350 -3.26% -26.52% 32.82% Oct/22
Platinum 1,571.40 -5.50 -0.35% -10.31% -1.41% Oct/23
Iron Ore 90.73 -0.12 -0.13% -6.69% -14.04% Oct/22



Related Last Previous Unit Reference
Chile Copper Production 369.50 403.42 Thousands of Tonnes Aug 2026
Peru Copper Production 218232.00 226096.00 Tonnes Jun 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
6.40 6.36 6.85 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Hits 5-week Low
Copper decreased to 6.35 USD/Lbs, the lowest since September 2026. Over the past 4 weeks, Copper lost 4.69%, and in the last 12 months, it increased 25.5%.
2026-10-22
Copper is down by 2.01%
Copper decreased 2.01% to 6.4115 USD/Lbs
2026-10-22
Copper Prices Slide to 5-Week Low
Copper futures fell toward $6.40 per pound on Thursday, reaching their lowest level in five weeks as a global selloff in artificial intelligence stocks dampened sentiment toward the metal. Copper remains a key beneficiary of AI expansion due to its essential role in data centers and power infrastructure. Prices also faced pressure this week amid speculation that the US may abandon proposed tariffs on refined copper imports. Markets increasingly expect the Trump administration to reconsider the measures ahead of the midterm elections, as global supplies tighten and inflationary pressures persist. Copper prices hit record highs last month after traders redirected shipments to US warehouses in anticipation of potential tariffs, reducing availability in other major markets. Meanwhile, supply concerns remain elevated amid the risk of labor strikes at major mining companies due to ongoing labor disputes.
2026-10-22