Actual
6.5355
Daily Change
-0.08 -1.15%
Monthly
1.62%
Yearly
32.27%
Q4 Forecast
6.8063
Copper - Summary

Copper futures declined toward $6.50 per pound on Thursday, extending losses for a third consecutive session as stronger-than-expected US inflation reinforced expectations of further Federal Reserve rate hikes, dampening the demand outlook for industrial metals. Higher borrowing costs could slow economic growth, potentially weighing on overall copper consumption. However, tightening supply may limit further price declines, as labor strikes and unfavorable weather conditions disrupt mining operations in Chile, the world’s largest copper producer. Worker strikes affected BHP Group’s major Escondida mine and Antofagasta Plc’s Centinela mine, while adverse weather disrupted Codelco’s El Teniente open-pit operations. On the demand side, copper continues to receive support from strong growth prospects in data center infrastructure, semiconductor manufacturing, and battery energy storage systems.

Copper - Stats

Copper fell to 6.53 USD/Lbs on October 15, 2026, down 1.17% from the previous day. Over the past month, Copper's price has risen 1.60%, and is up 32.24% 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 6.85 in September of 2026. Copper - data, forecasts, historical chart - was last updated on October 15 of 2026.

Copper - Forecast

Copper fell to 6.53 USD/Lbs on October 15, 2026, down 1.17% from the previous day. Over the past month, Copper's price has risen 1.60%, and is up 32.24% 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 6.81 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 7.31 in 12 months time.



Price Day Month Year Date
Gold 4,146.24 40.67 0.99% -2.76% -4.21% Oct/15
Silver 56.04 0.438 0.79% -10.99% 3.39% Oct/15
Copper 6.54 -0.0760 -1.15% 1.62% 32.27% Oct/15
Steel 3,069.00 7.00 0.23% -1.95% 0.85% Oct/15
Lithium 104,400.00 -3850 -3.56% -21.03% 43.01% Oct/15
Platinum 1,613.70 -0.90 -0.06% -9.64% -6.33% Oct/15
Iron Ore 90.74 0.02 0.02% -6.85% -14.03% Oct/14



Related Last Previous Unit Reference
Chile Copper Production 369.50 403.42 Thousands of Tonnes Aug 2026
Peru Copper Production 218232.00 226096.00 Tonnes Jun 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
6.53 6.61 6.85 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Falls for Third Consecutive Session
Copper futures declined toward $6.50 per pound on Thursday, extending losses for a third consecutive session as stronger-than-expected US inflation reinforced expectations of further Federal Reserve rate hikes, dampening the demand outlook for industrial metals. Higher borrowing costs could slow economic growth, potentially weighing on overall copper consumption. However, tightening supply may limit further price declines, as labor strikes and unfavorable weather conditions disrupt mining operations in Chile, the world’s largest copper producer. Worker strikes affected BHP Group’s major Escondida mine and Antofagasta Plc’s Centinela mine, while adverse weather disrupted Codelco’s El Teniente open-pit operations. On the demand side, copper continues to receive support from strong growth prospects in data center infrastructure, semiconductor manufacturing, and battery energy storage systems.
2026-10-15
Copper Extends Gains on Mounting Supply Disruptions
Copper futures rose above $6.70 per pound on Wednesday, moving closer to record highs as labor strikes and adverse weather conditions disrupted mining operations across Chile, the world’s largest copper producer. Workers at BHP Group’s massive Escondida mine are set to begin a strike after union leaders reported that wage negotiations failed to reach an agreement before the midnight deadline. Meanwhile, two unions at Antofagasta Plc’s Centinela mine have also launched strikes. Separately, two workers died on Sunday after an avalanche struck Codelco’s major El Teniente mine, where open-pit operations had already been suspended due to unfavorable weather. On the demand side, rising orders for data centers, semiconductor production, and battery storage systems supporting AI technologies and electric vehicles across Asia continued to bolster the outlook for copper.
2026-10-14
Copper Gains on Supply Disruptions
Copper futures climbed toward $6.70 per pound, moving closer to record highs as ongoing supply disruptions bolstered prices. In Chile, the world’s leading copper producer, two workers died on Sunday after a snow avalanche struck Codelco’s massive El Teniente mine, where open-pit operations had already been suspended due to adverse weather conditions. Meanwhile, a strike at Antofagasta’s Centinela mine is expected to reduce output from one of the world’s largest copper operations during the second half of October. On the demand front, surging orders linked to data centers, semiconductor development, and battery storage for AI technologies and electric vehicles across Asia continued to strengthen the outlook for copper. The metal also gained support from falling oil prices, which could ease inflationary pressures and reduce the need for aggressive monetary tightening by the US Federal Reserve.
2026-10-12