Copper futures in the US rose to over $6.1 per pound, the highest since reaching a record-close of $6.2 on January 29th as energy prices sank and improved the outlook on demand for manufacturing. The US stated it submitted a memorandum to end the war with Iran and threatened new attacks should peace not be accepted. The US added that it will facilitate energy supply through the Hormuz chokepoint immediately should the agreement be reached. The conflict had also disrupted inputs for copper giants since March. Top producer Chile faces supply risks as the conflict disrupted sulphur flows to China, prompting Beijing to curb exports of sulphuric acid, an input critical to nearly half of Chile’s copper refining capacity. On top of that, major tech companies continued to sign agreements that exponentially increase datacenter construction, supporting the outlook for copper due to its utility in electrification and grid technology.

Copper rose to 6.17 USD/Lbs on May 7, 2026, up 0.58% from the previous day. Over the past month, Copper's price has risen 7.16%, and is up 35.79% 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 May 7 of 2026.

Copper rose to 6.17 USD/Lbs on May 7, 2026, up 0.58% from the previous day. Over the past month, Copper's price has risen 7.16%, and is up 35.79% 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 6.05 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 6.68 in 12 months time.



Price Day Month Year Date
Gold 4,729.47 37.95 0.81% 0.18% 42.61% May/07
Silver 80.39 3.081 3.99% 8.46% 147.88% May/07
Copper 6.17 0.0355 0.58% 7.16% 35.79% May/07
Steel 3,246.00 7.00 0.22% 4.98% 5.80% May/07
Lithium 190,500.00 3000 1.60% 20.19% 191.95% May/07
Platinum 2,091.10 28.50 1.38% 1.14% 114.60% May/07
Iron Ore 110.86 2.28 2.10% 2.34% 11.61% May/06



Related Last Previous Unit Reference
Chile Copper Production 378.55 413.71 Thousands of Tonnes Feb 2026
Peru Copper Production 226256.00 256647.00 Tonnes Jan 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 6.14 6.58 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Approaches Record High
Copper futures in the US rose to over $6.1 per pound, the highest since reaching a record-close of $6.2 on January 29th as energy prices sank and improved the outlook on demand for manufacturing. The US stated it submitted a memorandum to end the war with Iran and threatened new attacks should peace not be accepted. The US added that it will facilitate energy supply through the Hormuz chokepoint immediately should the agreement be reached. The conflict had also disrupted inputs for copper giants since March. Top producer Chile faces supply risks as the conflict disrupted sulphur flows to China, prompting Beijing to curb exports of sulphuric acid, an input critical to nearly half of Chile’s copper refining capacity. On top of that, major tech companies continued to sign agreements that exponentially increase datacenter construction, supporting the outlook for copper due to its utility in electrification and grid technology.
2026-05-06
Copper Hits 13-week High
Copper increased to 6.12 USD/Lbs, the highest since January 2026. Over the past 4 weeks, Copper gained 10.38%, and in the last 12 months, it increased 33.31%.
2026-05-06
Copper Extends Gains for a Second Session
Copper futures rose above $6 per pound on Wednesday, advancing for a second straight session as improving sentiment around a potential US-Iran agreement supported broader gains across the metals complex. The US reaffirmed its ceasefire with Iran, confirmed that offensive operations have ended, and temporarily paused efforts to assist stranded vessels exiting the Strait of Hormuz to allow time for renewed negotiations. Oil prices fell sharply, easing inflation concerns and reducing expectations that central banks may need to raise interest rates. Copper was also supported by supply-side risks, as disruptions linked to the Middle East conflict affected sulfur flows to China, prompting Beijing to restrict exports of sulphuric acid, an input crucial to nearly half of Chile’s copper refining capacity. On the demand side, continued investment by major technology companies in large-scale data center buildouts is reinforcing longer-term demand expectations for copper.
2026-05-06