Copper futures in the US rose past $5.6 per pound, extending the rebound from the three-month low of $5.34 in late March as de-escalatory rhetoric from US and Iranian authorities regarding their war improved the outlook for global manufacturing. Both US and Iranian presidents called for the end of the war should their respective conditions be met, raising hopes that an eventual resolution to the conflict would restart energy exports from the Persian Gulf and prevent a global stagflation crisis. Besides improving the outlook for factory activity, the pullback in the dollar on lower safety demand supported dollar-priced commodities. Still, copper remained 10% lower since the start of the year, as ample supply dimmed speculative bets that mining output will not keep up with datacenter and grid construction. Stockpiles at LME warehouses were close to their highest in six years, and those at the SHFE were near their highest on record.

Copper rose to 5.60 USD/Lbs on April 1, 2026, up 0.21% from the previous day. Over the past month, Copper's price has fallen 5.01%, but it is still 14.28% 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 6.58 in January of 2026. Copper - data, forecasts, historical chart - was last updated on April 1 of 2026.

Copper rose to 5.60 USD/Lbs on April 1, 2026, up 0.21% from the previous day. Over the past month, Copper's price has fallen 5.01%, but it is still 14.28% 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 5.83 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 6.22 in 12 months time.



Price Day Month Year Date
Gold 4,720.09 45.57 0.97% -11.32% 49.25% Apr/01
Silver 74.33 -0.714 -0.95% -16.75% 120.05% Apr/01
Copper 5.60 0.0111 0.20% -5.02% 14.27% Apr/01
Steel 3,125.00 0 0% 2.16% -1.79% Apr/01
Lithium 161,500.00 -1500 -0.92% -6.38% 117.95% Apr/01
Platinum 1,962.00 -8.20 -0.42% -15.24% 101.05% Apr/01
Iron Ore 106.38 0.06 0.06% 6.58% 4.08% Mar/31



Related Last Previous Unit Reference
Chile Copper Production 378.55 413.71 Thousands of Tonnes Feb 2026
Peru Copper Production 216152.00 248192.00 Tonnes Nov 2025

Copper
Copper futures are widely traded on the London Metal Exchange (LME), at the COMEX and on the Multi-Commodity Exchange in India. The standard contract is 25,000 lbs. Copper is the third most widely used metal in the world. Chile accounts for over one third of world's copper mining followed by Democratic Republic of the Congo, Peru, China, United States, Australia, Indonesia, Zambia, Canada and Poland. The biggest importers of copper are China, Japan, India, South Korea and Germany. Copper market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our copper market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
5.60 5.59 6.58 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Extends Rebound from 3-Month Low
Copper futures in the US rose past $5.6 per pound, extending the rebound from the three-month low of $5.34 in late March as de-escalatory rhetoric from US and Iranian authorities regarding their war improved the outlook for global manufacturing. Both US and Iranian presidents called for the end of the war should their respective conditions be met, raising hopes that an eventual resolution to the conflict would restart energy exports from the Persian Gulf and prevent a global stagflation crisis. Besides improving the outlook for factory activity, the pullback in the dollar on lower safety demand supported dollar-priced commodities. Still, copper remained 10% lower since the start of the year, as ample supply dimmed speculative bets that mining output will not keep up with datacenter and grid construction. Stockpiles at LME warehouses were close to their highest in six years, and those at the SHFE were near their highest on record.
2026-04-01
Copper Slips as Geopolitical Relief Fades
Copper fell around $5.6 per pound on Wednesday, giving back earlier gains as the initial relief from easing geopolitical tensions in the Middle East faded. Although US President Donald Trump suggested military strikes on Iran could wind down within two to three weeks, uncertainty around the conflict continued to weigh on sentiment. Broader demand concerns also persisted, even as hopes of reduced oil-driven inflation pressures briefly supported the outlook for industrial metals. A softer US dollar offered limited cushioning, but was not enough to offset overall caution in the market. In China, demand signals remained uneven, with inventory movements at the Shanghai Futures Exchange offering only modest reassurance about consumption trends. China’s RatingDog Manufacturing PMI for March also eased to 50.8, below expectations of 51.6 and down from 52.1 in February.
2026-04-01
Copper Heads for Sharp Monthly Fall
Copper held steady near $5.5 per pound on Tuesday but remained on track to lose nearly 10% in March, marking its worst monthly performance since July last year. Copper and other industrial metals have come under sustained pressure this month as disruptions from the Middle East conflict and surging energy prices raised concerns about inflation and slowing global industrial activity. Copper miners are also expected to face higher costs and weaker profitability due to heightened uncertainties surrounding the Iran war and the effective closure of the Strait of Hormuz. The conflict has disrupted oil and LNG shipping, affecting copper operations that rely heavily on these energy sources. Many mining sites depend on diesel-powered machinery, while processing mills typically rely on stable grid power to refine ore.
2026-03-31