Copper futures stayed below $5.75 per pound on Friday, poised for a fourth consecutive weekly decline amid rising global inventories and soft industrial demand. Stocks in LME-tracked warehouses increased for the 26th straight session, reaching an 11-month high. Combined inventories across Shanghai, London, and New York also surpassed 1 million tons, the highest since 2003. Trading volumes remained thin, as Chinese markets were closed for the Lunar New Year holiday. Copper and other metals had surged sharply in January before retreating, largely driven by speculative activity among Chinese investors. The metal also faced pressure from a stronger dollar, as robust US economic data and hawkish signals from the Federal Reserve prompted traders to scale back expectations for aggressive easing.

Copper rose to 5.84 USD/Lbs on February 20, 2026, up 1.75% from the previous day. Over the past month, Copper's price has risen 1.23%, and is up 28.80% compared to the same time last year, 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 6.58 in January of 2026. Copper - data, forecasts, historical chart - was last updated on February 22 of 2026.

Copper rose to 5.84 USD/Lbs on February 20, 2026, up 1.75% from the previous day. Over the past month, Copper's price has risen 1.23%, and is up 28.80% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Copper is expected to trade at 5.92 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 6.64 in 12 months time.



Price Day Month Year Date
Gold 5,109.17 111.43 2.23% 5.77% 74.14% Feb/20
Silver 84.57 6.936 8.93% -9.17% 160.14% Feb/20
Copper 5.84 0.1005 1.75% 1.23% 28.80% Feb/20
Platinum 2,176.00 107.30 5.19% -12.80% 123.11% Feb/20
Iron Ore 99.33 -0.28 -0.28% -6.70% -7.28% Feb/20



Related Last Previous Unit Reference
Chile Copper Production 540.22 451.87 Thousands of Tonnes Dec 2025
Peru Copper Production 248192.00 240995.00 Tonnes Oct 2025

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 mining followed by Democratic Republic of the Congo, Peru, China, 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.
Actual Previous Highest Lowest Dates Unit Frequency
5.84 5.74 6.58 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Pressured by Rising Inventories
Copper futures stayed below $5.75 per pound on Friday, poised for a fourth consecutive weekly decline amid rising global inventories and soft industrial demand. Stocks in LME-tracked warehouses increased for the 26th straight session, reaching an 11-month high. Combined inventories across Shanghai, London, and New York also surpassed 1 million tons, the highest since 2003. Trading volumes remained thin, as Chinese markets were closed for the Lunar New Year holiday. Copper and other metals had surged sharply in January before retreating, largely driven by speculative activity among Chinese investors. The metal also faced pressure from a stronger dollar, as robust US economic data and hawkish signals from the Federal Reserve prompted traders to scale back expectations for aggressive easing.
2026-02-20
Copper Slips Amid Strong Dollar
Copper futures fell to around $5.78 per pound on Thursday, trimming gains from the previous session as the dollar strengthened on robust US economic data and hawkish signals from the Federal Reserve. Minutes from the Fed’s January meeting revealed a split among policymakers, with some signaling that rate cuts would be appropriate if disinflation continues, while others favored keeping rates steady longer and even flagged the possibility of further tightening if inflation remains persistent. Traders slightly pared expectations for Fed rate cuts this year but still anticipate two 25 basis point reductions before year-end. Copper was further pressured by rising exchange inventories and soft demand amid muted economic activity in top consumer China during the week-long Lunar New Year holiday.
2026-02-19
Copper Rises as Fed Signals Loom
Copper futures climbed to around $5.70 per pound on Wednesday, recouping losses from the previous session and tracking a broader rebound in the metals market. Those moves came even as the dollar strengthened ahead of the latest Federal Reserve policy meeting minutes and a key US inflation report this week, although trading volumes remained subdued as several Asian markets were closed for the Lunar New Year holiday. However, gains were slightly tempered by rising copper inventories in exchange-monitored warehouses, which climbed to their highest level in roughly 11 months, reinforcing concerns about near-term oversupply. Analysts cautioned that it may take time for stockpiles to be drawn down, particularly during seasonal holiday periods when physical demand typically slows. On the supply side, Chilean miner Antofagasta reported a sharp increase in annual core earnings, supported by last year’s record copper prices.
2026-02-18