Actual
6.5060
Daily Change
0.01 0.08%
Monthly
-1.70%
Yearly
44.49%
Q3 Forecast
6.6412
Copper - Summary

Copper futures traded near $6.5 per pound on Thursday, holding most of the pullback from the record-high of $6.7 on August 25th, as macroeconomic headwinds momentarily offset the impact of supply shortages. Long-term bond yields surged as energy prices rebounded and markets took heed of widening public deficits, hurting the outlook for broad manufacturing and driving base metal price to ease. Still, fresh escalation to the war in the Middle East prolonged pressure on global supply of sulfuric acid, triggering shortages of the key material for copper refiners. This was magnified by lingering concerns that the US presidential administration is could impose tariffs on unprocessed copper goods triggered a surge in buying to front-load deliveries. Consequently, backwardation curves steepened both in major Western copper exchanges.

Copper - Stats

Copper rose to 6.51 USD/Lbs on September 3, 2026, up 0.10% from the previous day. Over the past month, Copper's price has fallen 1.68%, but it is still 44.52% 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 6.83 in August of 2026. Copper - data, forecasts, historical chart - was last updated on September 3 of 2026.

Copper - Forecast

Copper rose to 6.51 USD/Lbs on September 3, 2026, up 0.10% from the previous day. Over the past month, Copper's price has fallen 1.68%, but it is still 44.52% 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 6.64 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 7.23 in 12 months time.



Price Day Month Year Date
Gold 4,431.71 43.93 1.00% 8.68% 24.94% Sep/03
Silver 65.92 0.601 0.92% 10.78% 62.08% Sep/03
Copper 6.51 0.0050 0.08% -1.70% 44.49% Sep/03
Steel 3,105.00 9.00 0.29% 4.16% 1.54% Sep/03
Lithium 156,000.00 -500 -0.32% 11.43% 105.51% Sep/03
Platinum 1,785.10 20.50 1.16% 1.66% 29.42% Sep/03
Iron Ore 97.72 -1.61 -1.62% 4.33% -5.35% Sep/02



Related Last Previous Unit Reference
Chile Copper Production 403.42 447.29 Thousands of Tonnes Jul 2026
Peru Copper Production 226096.00 230070.00 Tonnes May 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
6.51 6.50 6.83 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Eases from Record High
Copper futures traded near $6.5 per pound on Thursday, holding most of the pullback from the record-high of $6.7 on August 25th, as macroeconomic headwinds momentarily offset the impact of supply shortages. Long-term bond yields surged as energy prices rebounded and markets took heed of widening public deficits, hurting the outlook for broad manufacturing and driving base metal price to ease. Still, fresh escalation to the war in the Middle East prolonged pressure on global supply of sulfuric acid, triggering shortages of the key material for copper refiners. This was magnified by lingering concerns that the US presidential administration is could impose tariffs on unprocessed copper goods triggered a surge in buying to front-load deliveries. Consequently, backwardation curves steepened both in major Western copper exchanges.
2026-09-02
Copper Falls on Demand Concerns
Copper fell toward $6.4 per pound on Wednesday, hitting its lowest level in a month as rising oil prices and global bond yields kept inflationary risks and interest rate concerns in focus, weighing on the demand outlook. Oil prices advanced for a third consecutive session amid escalating hostilities between the US and Iran, complicating efforts to reopen the Strait of Hormuz. Global bond yields climbed on mounting inflationary pressures and worsening fiscal conditions, reinforcing expectations that major central banks may need to raise interest rates soon. Higher borrowing costs could eventually slow global economic growth, dampening demand for industrial metals such as copper. Still, tight global copper supply offered some support, with top producer Chile reporting a 9.4% decline in output in July. Traders also continued redirecting copper shipments toward the US ahead of potential new import tariffs, with the White House yet to make a decision on the issue.
2026-09-02
Copper Hits 4-week Low
Copper decreased to 6.42 USD/Lbs, the lowest since July 2026. Over the past 4 weeks, Copper lost 1.48%, and in the last 12 months, it increased 41.3%.
2026-09-02