Copper futures fell below $6.3 per pound on Tuesday, giving up the previous session’s gains as investors awaited the Federal Reserve’s upcoming policy decision, with markets pricing in better than a one-third chance of a rate hike. That reflects an unusually high level of uncertainty this close to a Fed meeting compared with recent years. Copper also came under pressure even after President Donald Trump said the US was engaged in "good talks" with Iran aimed at ending the Middle East conflict, sending oil prices lower and easing concerns over inflation and interest rate hikes. Meanwhile, the red metal continued to find support from its favorable long-term demand outlook, driven by the global transition to clean energy and the rapid expansion of artificial intelligence data centers. On the supply side, signs of near-term tightness in top consumer China continued to underpin prices, while severe storms in leading producer Chile heightened the risk of disruptions to copper production.

Copper fell to 6.28 USD/Lbs on July 28, 2026, down 0.96% from the previous day. Over the past month, Copper's price has risen 2.97%, and is up 11.41% 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 6.67 in June of 2026. Copper - data, forecasts, historical chart - was last updated on July 28 of 2026.

Copper fell to 6.28 USD/Lbs on July 28, 2026, down 0.96% from the previous day. Over the past month, Copper's price has risen 2.97%, and is up 11.41% 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 6.44 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 4,020.71 -56.73 -1.39% 0.11% 20.87% Jul/28
Silver 57.25 -1.151 -1.97% -1.74% 49.84% Jul/28
Copper 6.28 -0.0607 -0.96% 2.97% 11.41% Jul/28
Steel 3,054.00 -7.00 -0.23% -0.07% -8.62% Jul/28
Lithium 145,500.00 -1000 -0.68% -4.12% 98.91% Jul/28
Platinum 1,600.70 -31.50 -1.93% 0.53% 13.86% Jul/28
Iron Ore 98.35 -0.07 -0.07% -1.91% -0.32% Jul/27



Related Last Previous Unit Reference
Chile Copper Production 423.62 399.95 Thousands of Tonnes May 2026
Peru Copper Production 238464.00 223263.00 Tonnes Mar 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
6.28 6.34 6.67 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Falls as Fed Meeting Looms
Copper futures fell below $6.3 per pound on Tuesday, giving up the previous session’s gains as investors awaited the Federal Reserve’s upcoming policy decision, with markets pricing in better than a one-third chance of a rate hike. That reflects an unusually high level of uncertainty this close to a Fed meeting compared with recent years. Copper also came under pressure even after President Donald Trump said the US was engaged in "good talks" with Iran aimed at ending the Middle East conflict, sending oil prices lower and easing concerns over inflation and interest rate hikes. Meanwhile, the red metal continued to find support from its favorable long-term demand outlook, driven by the global transition to clean energy and the rapid expansion of artificial intelligence data centers. On the supply side, signs of near-term tightness in top consumer China continued to underpin prices, while severe storms in leading producer Chile heightened the risk of disruptions to copper production.
2026-07-28
Copper Steadies Amid Easing Mideast Tensions
Copper futures steadied above $6.3 per pound after experiencing sharp volatility last week, as easing tensions in the Middle East lifted market sentiment. The US and Iran suspended strikes against each other over the weekend amid renewed diplomatic efforts, with President Donald Trump saying Washington was engaged in "good talks" with Tehran aimed at ending the Middle East conflict. Oil prices declined sharply, easing concerns about inflation and the interest rate outlook. Copper also continued to draw support from its strong long-term demand prospects, driven by the global transition to clean energy and the rapid expansion of artificial intelligence data centers. On the supply side, indications of near-term tightness in top consumer China underpinned prices, while severe storms in leading producer Chile raised the risk of disruptions to copper output.
2026-07-27
Copper is down by 2%
Copper decreased 2% to 6.3223 USD/Lbs
2026-07-23