Actual
6.6919
Daily Change
-0.02 -0.26%
Monthly
5.46%
Yearly
51.46%
Q3 Forecast
6.6456
Copper - Summary

Copper futures climbed above $6.7 per pound on Wednesday, reaching a new all-time high as supply-side risks persisted despite a recent easing of the market squeeze. Traders continued to divert shipments toward the US amid elevated premiums and expectations of new tariffs under the Trump administration, with the White House yet to make a final decision on the matter. Copper inventories in warehouses tracked by the London Metal Exchange have fallen by almost half since mid-May following a 42-day streak of declines. Elsewhere, Zijin Mining warned that flooding at the Kamoa-Kakula copper complex in the Democratic Republic of Congo could cut its share of production by as much as 57,000 tons this year, underscoring ongoing risks to global supply. On the demand side, Chinese smelters have faced difficulties securing feedstock, increasing the need for imports.

Copper - Stats

Copper fell to 6.70 USD/Lbs on August 26, 2026, down 0.18% from the previous day. Over the past month, Copper's price has risen 5.55%, and is up 51.58% 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 6.83 in August of 2026. Copper - data, forecasts, historical chart - was last updated on August 26 of 2026.

Copper - Forecast

Copper fell to 6.70 USD/Lbs on August 26, 2026, down 0.18% from the previous day. Over the past month, Copper's price has risen 5.55%, and is up 51.58% 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 6.65 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 7.21 in 12 months time.



Price Day Month Year Date
Gold 4,618.53 -39.58 -0.85% 13.27% 35.92% Aug/26
Silver 68.51 -0.090 -0.13% 17.30% 77.52% Aug/26
Copper 6.69 -0.0206 -0.31% 5.41% 51.39% Aug/26
Steel 3,076.00 12.00 0.39% 0.49% -0.81% Aug/26
Lithium 152,750.00 -4250 -2.71% 4.27% 87.23% Aug/26
Platinum 1,878.00 16.50 0.89% 15.06% 40.31% Aug/26
Iron Ore 95.40 0.06 0.06% -3.00% -6.04% Aug/25



Related Last Previous Unit Reference
Chile Copper Production 447.29 423.62 Thousands of Tonnes Jun 2026
Peru Copper Production 226096.00 230070.00 Tonnes May 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
6.70 6.71 6.83 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Hits Fresh Record High
Copper futures climbed above $6.7 per pound on Wednesday, reaching a new all-time high as supply-side risks persisted despite a recent easing of the market squeeze. Traders continued to divert shipments toward the US amid elevated premiums and expectations of new tariffs under the Trump administration, with the White House yet to make a final decision on the matter. Copper inventories in warehouses tracked by the London Metal Exchange have fallen by almost half since mid-May following a 42-day streak of declines. Elsewhere, Zijin Mining warned that flooding at the Kamoa-Kakula copper complex in the Democratic Republic of Congo could cut its share of production by as much as 57,000 tons this year, underscoring ongoing risks to global supply. On the demand side, Chinese smelters have faced difficulties securing feedstock, increasing the need for imports.
2026-08-26
Copper Falls as Inventories Ease Supply Concerns
Copper futures fell toward $6.55 per pound, retreating from recent highs as a sharp build-up in exchange inventories eased concerns over near-term supply tightness. LME-monitored copper inventories stood at 238,575 tons on August 20, about 16% above their February low, while SHFE-monitored stocks jumped 28.4% last week to 89,548 tons. The rise in inventories, along with a sharp narrowing in the LME cash premium over three-month copper, pointed to improved near-term availability and weighed on prices. Meanwhile, Zijin Mining warned that flooding at the Kamoa-Kakula copper complex in the Democratic Republic of Congo could reduce its share of production by as much as 57,000 tons this year, highlighting continued risks to global supply. A weaker US dollar helped limit the decline, while investors await the Jackson Hole meeting and the Federal Reserve Chair’s speech for clues on interest rates.
2026-08-24
Copper Rises as Supply Concerns Persist
Copper futures climbed above $6.5 per pound on Friday, recovering losses from earlier in the week as tight physical supply continued to underpin prices. The copper market remains vulnerable after months of outflows, partly due to metal being diverted to the US ahead of anticipated tariffs. Top producer Chile also expects copper output to decline this year as ongoing disruptions continue to weigh on mines and development projects. However, a recent increase in metal deliveries to London Metal Exchange warehouses helped ease a historic supply squeeze. Elsewhere, copper prices were supported by a weaker dollar as skepticism over the US government’s bond buyback plan reduced the greenback’s appeal, boosting demand for metals and other currencies. Meanwhile, investors continued to monitor geopolitical developments as the US prepares sweeping new economic sanctions against Iran, pushing oil prices higher and adding to inflation concerns.
2026-08-21