Actual
6.2576
Daily Change
0.01 0.14%
Monthly
-5.14%
Yearly
26.67%
Q4 Forecast
6.5561
Copper - Summary

Copper fell below $6.20 per pound, the lowest since early July, as concerns over tighter regulation and opposition to AI data center projects raised doubts about future demand for the metal. Technology stocks plunged, with an ETF tracking US-listed semiconductor companies losing more than 12%, after Democrats secured control of both chambers of Congress in the midterm elections. The political shift could increase scrutiny of data center development, potentially delaying or blocking infrastructure projects that had been expected to drive significant copper consumption. Democratic gubernatorial victories in several states, including Texas, could expose around half of proposed US AI data center additions to greater regulatory challenges. Texas Governor-elect Gina Hinojosa has repeatedly called for an immediate moratorium on new data center projects. Copper reached a record high of $6.8 on September 10, partly on AI-related demand.

Copper - Stats

Copper fell to 6.25 USD/Lbs on November 6, 2026, down 0.03% from the previous day. Over the past month, Copper's price has fallen 5.30%, but it is still 26.46% 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 6.85 in September of 2026. Copper - data, forecasts, historical chart - was last updated on November 6 of 2026.

Copper - Forecast

Copper fell to 6.25 USD/Lbs on November 6, 2026, down 0.03% from the previous day. Over the past month, Copper's price has fallen 5.30%, but it is still 26.46% 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 6.56 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 7.05 in 12 months time.



Price Day Month Year Date
Gold 4,068.82 -18.88 -0.46% -1.03% 1.70% Nov/06
Silver 52.15 0.373 0.72% -12.71% 7.53% Nov/06
Copper 6.26 0.0086 0.14% -5.14% 26.67% Nov/06
Steel 3,038.00 -8.00 -0.26% -1.11% 0.30% Nov/06
Lithium 93,600.00 1900 2.07% -25.09% 16.42% Nov/06
Platinum 1,536.80 14.40 0.95% -6.85% -0.27% Nov/06
Iron Ore 93.12 1.17 1.27% 2.13% -11.38% Nov/05



Related Last Previous Unit Reference
Chile Copper Production 387.87 369.50 Thousands of Tonnes Sep 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
6.25 6.25 6.85 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Hits 17-week Low
Copper decreased to 6.18 USD/Lbs, the lowest since July 2026. Over the past 4 weeks, Copper lost 6.2%, and in the last 12 months, it increased 24.81%.
2026-11-05
Copper Falls to Four-Month Low
Copper fell below $6.20 per pound, the lowest since early July, as concerns over tighter regulation and opposition to AI data center projects raised doubts about future demand for the metal. Technology stocks plunged, with an ETF tracking US-listed semiconductor companies losing more than 12%, after Democrats secured control of both chambers of Congress in the midterm elections. The political shift could increase scrutiny of data center development, potentially delaying or blocking infrastructure projects that had been expected to drive significant copper consumption. Democratic gubernatorial victories in several states, including Texas, could expose around half of proposed US AI data center additions to greater regulatory challenges. Texas Governor-elect Gina Hinojosa has repeatedly called for an immediate moratorium on new data center projects. Copper reached a record high of $6.8 on September 10, partly on AI-related demand.
2026-11-05
Copper Finds Support Amid Tightening Supply in China
Copper futures steadied around $6.40 per pound on Thursday, supported by strong physical demand from China, the world's largest copper consumer, as buyers compete for limited supplies and spot premiums continue to climb. Industry data showed that Shanghai's spot copper premium surged to 1,900 yuan per ton above futures prices on Wednesday, marking its highest level since 2021. The increase reflects production cuts by Chinese smelters, as rising ore costs and declining byproduct prices threaten to generate significant losses, alongside restricted imports from overseas suppliers, particularly Africa and Russia. Nevertheless, copper remains lower for the week amid a broader selloff in artificial intelligence-related stocks and concerns that Democratic control of the US Congress could affect future data-center investments. As a key material in the global AI expansion, copper is widely used in data centers, power grids and electrical infrastructure.
2026-11-05