Copper futures climbed toward $6.2 per pound on Friday and were on track for a weekly gain as traders scaled back bets for Federal Reserve interest rate hikes following softer-than-expected US employment data. The US economy added far fewer jobs in June than forecast, leading markets to price in only about a 50% chance of a Fed rate increase in September, down from roughly 67% before the report. Industrial metals had faced pressure in recent weeks as Federal Reserve officials signaled a greater willingness to tighten monetary policy, weighing on the outlook for metals demand. Easing supply risks as commercial traffic though the crucial Strait of Hormuz improved also weighed on prices.

Copper rose to 6.17 USD/Lbs on July 3, 2026, up 0.90% from the previous day. Over the past month, Copper's price has fallen 5.25%, but it is still 22.95% 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 6.67 in June of 2026. Copper - data, forecasts, historical chart - was last updated on July 4 of 2026.

Copper rose to 6.17 USD/Lbs on July 3, 2026, up 0.90% from the previous day. Over the past month, Copper's price has fallen 5.25%, but it is still 22.95% 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 6.35 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 6.96 in 12 months time.



Price Day Month Year Date
Gold 4,170.25 47.49 1.15% -6.81% 25.04% Jul/03
Silver 62.40 1.467 2.41% -15.49% 68.92% Jul/03
Copper 6.17 0.0549 0.90% -5.25% 22.95% Jul/03
Steel 3,054.00 16.00 0.53% -3.08% 0.13% Jul/03
Lithium 165,250.00 2750 1.69% -1.78% 165.25% Jul/03
Platinum 1,653.50 25.40 1.56% -12.97% 18.87% Jul/03
Iron Ore 98.25 -0.11 -0.11% -5.26% 2.09% Jul/02



Related Last Previous Unit Reference
Chile Copper Production 399.95 434.49 Thousands of Tonnes Apr 2026
Peru Copper Production 223263.00 226256.00 Tonnes Feb 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
6.17 6.11 6.67 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Rises as Rate-Hike Expectations Ease
Copper futures climbed toward $6.2 per pound on Friday and were on track for a weekly gain as traders scaled back bets for Federal Reserve interest rate hikes following softer-than-expected US employment data. The US economy added far fewer jobs in June than forecast, leading markets to price in only about a 50% chance of a Fed rate increase in September, down from roughly 67% before the report. Industrial metals had faced pressure in recent weeks as Federal Reserve officials signaled a greater willingness to tighten monetary policy, weighing on the outlook for metals demand. Easing supply risks as commercial traffic though the crucial Strait of Hormuz improved also weighed on prices.
2026-07-03
Copper is down by 2%
Copper decreased 2% to 6.0686 USD/Lbs
2026-07-01
Copper Falls Ahead of US Market Report
Copper futures fell to around $6.1 per pound, giving back recent gains as investors awaited a US Commerce Department report on the copper market that could pave the way for import tariffs on refined copper. The metal also came under pressure from expectations that the US Federal Reserve will raise interest rates as soon as September, weighing on the demand outlook for industrial metals. Additionally, improving commercial traffic in the Strait of Hormuz amid progress in US-Iran peace efforts reduced supply risks for copper. Meanwhile, Goldman Sachs said the conflict involving Iran could ultimately support metals demand, citing stronger electric vehicle adoption, increased investment in renewable energy, higher defense spending and intensifying competition in artificial intelligence as key drivers of long-term copper consumption.
2026-07-01