Copper futures climbed to around $6.4 per pound on Friday, recovering from three-week lows as rising optimism over a potential US-Iran peace agreement eased concerns about global growth and industrial metals demand. President Donald Trump said a deal could be signed as soon as this weekend in Europe, although there has been no confirmation from Tehran. Meanwhile, stronger-than-expected US inflation data bolstered bets for a Federal Reserve interest rate hike later this year. The outlook for metals demand remains clouded by the prospect of tighter monetary policy, which could slow economic activity and industrial consumption over time. Separately, Jefferies expects copper prices to stay elevated for longer than previously anticipated, citing an average annual supply deficit of 491,000 tons through 2030 and a slower-than-expected recovery at the Grasberg mine.

Copper rose to 6.43 USD/Lbs on June 12, 2026, up 2.74% from the previous day. Over the past month, Copper's price has fallen 3.09%, but it is still 35.66% 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 June 14 of 2026.

Copper rose to 6.43 USD/Lbs on June 12, 2026, up 2.74% from the previous day. Over the past month, Copper's price has fallen 3.09%, but it is still 35.66% 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 6.47 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 7.25 in 12 months time.



Price Day Month Year Date
Gold 4,222.00 9.25 0.22% -9.91% 22.99% Jun/12
Silver 67.76 0.422 0.63% -22.51% 86.62% Jun/12
Copper 6.43 0.1715 2.74% -3.09% 35.66% Jun/12
Steel 3,152.00 20.00 0.64% -1.90% 7.47% Jun/12
Lithium 170,500.00 4000 2.40% -14.96% 181.12% Jun/12
Platinum 1,712.20 46.50 2.79% -22.08% 41.66% Jun/12
Iron Ore 101.62 0.02 0.02% -8.68% 6.54% Jun/12



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
6.43 6.26 6.67 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Rebounds on US-Iran Deal Optimism
Copper futures climbed to around $6.4 per pound on Friday, recovering from three-week lows as rising optimism over a potential US-Iran peace agreement eased concerns about global growth and industrial metals demand. President Donald Trump said a deal could be signed as soon as this weekend in Europe, although there has been no confirmation from Tehran. Meanwhile, stronger-than-expected US inflation data bolstered bets for a Federal Reserve interest rate hike later this year. The outlook for metals demand remains clouded by the prospect of tighter monetary policy, which could slow economic activity and industrial consumption over time. Separately, Jefferies expects copper prices to stay elevated for longer than previously anticipated, citing an average annual supply deficit of 491,000 tons through 2030 and a slower-than-expected recovery at the Grasberg mine.
2026-06-12
Copper Falls to 3-Week Low
Copper futures dropped below $6.2 per pound on Thursday, touching their lowest levels in three weeks as heightened uncertainty in the Middle East and growing expectations of central bank interest rate hikes weighed on the outlook for industrial metals. The US and Iran exchanged attacks this week in a major violation of their ceasefire, although the US military later said it had completed its latest strikes on Iran, raising hopes that tensions may ease. Meanwhile, US consumer inflation accelerated in May to its fastest pace in more than three years due to soaring energy costs, though the reading matched market expectations. Traders modestly pared expectations for Federal Reserve rate hikes this year, although a quarter-point increase in December remains fully priced. The prospect of higher borrowing costs continued to cloud the demand outlook for metals, as tighter monetary policy is expected to eventually slow economic activity and industrial consumption.
2026-06-11
Copper is down by 2.2%
Copper decreased 2.2% to 6.1641 USD/Lbs
2026-06-10