Copper futures fell below $6.3 per pound on Wednesday, giving back gains from earlier in the week as escalating tensions in the Middle East and growing expectations of central bank interest rate hikes weighed on the outlook for industrial metals. The US launched “self-defense strikes” against Iran in response to the downing of an American helicopter, threatening to undermine peace efforts while fueling concerns about inflation and higher borrowing costs. Investors also awaited the latest US inflation data after stronger-than-expected jobs figures last week reinforced expectations of a Federal Reserve rate hike later this year. Meanwhile, Jefferies expects copper prices to remain higher for longer than previously projected, pointing to an average annual supply deficit of 491,000 tons through 2030 and a slower-than-expected recovery at the Grasberg mine.

Copper fell to 6.26 USD/Lbs on June 10, 2026, down 0.77% from the previous day. Over the past month, Copper's price has fallen 2.34%, but it is still 30.39% 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 10 of 2026.

Copper fell to 6.26 USD/Lbs on June 10, 2026, down 0.77% from the previous day. Over the past month, Copper's price has fallen 2.34%, but it is still 30.39% 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 6.31 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 7.06 in 12 months time.



Price Day Month Year Date
Gold 4,174.16 -47.43 -1.12% -11.86% 24.41% Jun/10
Silver 63.63 -1.681 -2.57% -26.09% 75.54% Jun/10
Copper 6.26 -0.0553 -0.88% -2.45% 30.25% Jun/10
Steel 3,132.00 -8.00 -0.25% -3.24% 6.06% Jun/10
Lithium 165,750.00 2000 1.22% -15.11% 174.65% Jun/10
Platinum 1,659.20 -54.20 -3.16% -21.97% 32.68% Jun/10
Iron Ore 101.37 0.32 0.32% -9.02% 6.18% Jun/09



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
6.26 6.31 6.67 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Remains Under Pressure
Copper futures fell below $6.3 per pound on Wednesday, giving back gains from earlier in the week as escalating tensions in the Middle East and growing expectations of central bank interest rate hikes weighed on the outlook for industrial metals. The US launched “self-defense strikes” against Iran in response to the downing of an American helicopter, threatening to undermine peace efforts while fueling concerns about inflation and higher borrowing costs. Investors also awaited the latest US inflation data after stronger-than-expected jobs figures last week reinforced expectations of a Federal Reserve rate hike later this year. Meanwhile, Jefferies expects copper prices to remain higher for longer than previously projected, pointing to an average annual supply deficit of 491,000 tons through 2030 and a slower-than-expected recovery at the Grasberg mine.
2026-06-10
Copper Steadies on Strong China Data
Copper futures steadied near $6.3 per pound on Tuesday after facing pressure in recent sessions, as solid trade data from top consumer China reinforced the demand outlook. Chinese exports jumped 19.4% to a record $376.8 billion in May, well above expectations, driven by strong demand for AI technology and renewable energy products. Copper also drew support from easing geopolitical tensions after Iran and Israel agreed to halt attacks against each other, reducing concerns that higher oil prices could fuel inflation and lead to tighter monetary policy that would weigh on global growth and metals demand. Meanwhile, Jefferies expects copper prices to remain stronger for longer than previously anticipated, citing an average annual supply deficit of 491,000 tons through 2030 and a delayed recovery at the Grasberg mine.
2026-06-09
Copper Halts Pullback from Record
Copper futures in the US were above $6.3 per pound, halting the slide from the record high of $6.6 touched on June 2nd as supply risks from the war in the Middle East toggled against the macroeconomic headwinds stemmed by the conflict. The first exchange of strikes between Iran and Israel since their fragile ceasefire dimmed expectations of a broader deal between Tehran and the US. The prolonged conflict has halted exports of sulfur and sulfuric acid from key GCC producers, which in turn have driven China to halt their exports of the commodities and triggered shortages in major copper producer Chile. Tight supply of sulfuric acid limits copper refining capacity, challenging Codelco's ongoing campaign to reduce operating costs. Meanwhile, macroeconomic pressure on manufacturers due to the war limited the increase in prices. These were also capped by expectations of a hawkish Federal Reserve following the release of robust jobs numbers in the US, strengthening the dollar.
2026-06-08