Copper futures fell to around $5.9 per pound on Tuesday, pausing a two-day rebound amid signs of slowing demand in top consumer China ahead of the Lunar New Year holidays. Industrial activity in China slowed as manufacturers paused operations, while overall economic momentum softened. On the supply side, major mines continued to face challenges from power outages, prompting conservative production guidance. The China Nonferrous Metals Industry Association expects refined copper output to rise about 5% in 2026, roughly half the growth seen in 2025. Still, prices remain supported by strong global demand driven by the energy transition and ongoing AI-driven data-center expansion. A weaker dollar, pressured by concerns over declining foreign demand for dollar-denominated assets, also provided additional support.

Copper traded flat at 5.91 USD/Lbs on February 11, 2026. Over the past month, Copper's price has fallen 1.96%, but it is still 26.20% 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 February 11 of 2026.

Copper traded flat at 5.91 USD/Lbs on February 11, 2026. Over the past month, Copper's price has fallen 1.96%, but it is still 26.20% 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 5.99 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 6.68 in 12 months time.



Price Day Month Year Date
Gold 5,057.94 34.04 0.68% 9.99% 74.06% Feb/11
Silver 82.52 1.742 2.16% -3.10% 155.65% Feb/11
Copper 5.93 0.0180 0.30% -1.66% 26.59% Feb/11
Steel 3,049.00 -3.00 -0.10% -2.62% -5.92% Feb/11
Lithium 136,000.00 500 0.37% -10.53% 77.43% Feb/10
Platinum 2,137.20 36.70 1.75% -10.22% 106.31% Feb/11
Iron Ore 100.84 0.21 0.21% -6.85% -5.15% Feb/10



Related Last Previous Unit Reference
Chile Copper Production 540.22 451.87 Thousands of Tonnes Dec 2025
Peru Copper Production 248192.00 240995.00 Tonnes Oct 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
5.91 5.91 6.58 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Slips as China Demand Softens
Copper futures fell to around $5.9 per pound on Tuesday, pausing a two-day rebound amid signs of slowing demand in top consumer China ahead of the Lunar New Year holidays. Industrial activity in China slowed as manufacturers paused operations, while overall economic momentum softened. On the supply side, major mines continued to face challenges from power outages, prompting conservative production guidance. The China Nonferrous Metals Industry Association expects refined copper output to rise about 5% in 2026, roughly half the growth seen in 2025. Still, prices remain supported by strong global demand driven by the energy transition and ongoing AI-driven data-center expansion. A weaker dollar, pressured by concerns over declining foreign demand for dollar-denominated assets, also provided additional support.
2026-02-10
Copper Steadies After Volatile Week
Copper held near $5.90 per pound on Monday following a week of extreme volatility, as investors balanced persistent supply tightness against signs of weakening demand in top consumer China. Industrial demand in China slowed as manufacturers paused operations ahead of the extended Lunar New Year holidays. Nonetheless, robust global demand driven by the energy transition and data-center expansion continued to support the market. On the supply side, major mines faced ongoing challenges from power outages, prompting conservative production guidance. The China Nonferrous Metals Industry Association projected refined copper output to rise about 5% in 2026, roughly half the growth recorded in 2025. Meanwhile, US Treasury Secretary Scott Bessent attributed last week’s sharp swings in the metals market to Chinese traders, describing the recent rally as a speculative blowoff.
2026-02-09
Copper Falls to Six-Week Low
Copper fell to around $5.77 per pound on Friday, hitting its lowest level in nearly six weeks, and on track for its worst week since late November, pressured by slowing demand from Chinese buyers and rising inventories. Reports showed that key consumer China had reduced purchases by fabricators and manufacturers as firms gradually pulled back ahead of the Chinese holidays. Stockpiles in LME warehouses across Asia are also climbing, further signaling softer demand. Analysts say the trend could accelerate as traders divert shipments from Africa to China to take advantage of temporary price gaps between Shanghai and London. Market sentiment was further weighed down after the China Nonferrous Metals Industry Association projected that refined copper output will rise about 5% in 2026, half the growth recorded in 2025.
2026-02-06