Copper dropped nearly 1% to around $5.75 per pound on Monday, extending last week’s losses as mainland Chinese investors were away for the week-long Lunar New Year holidays, keeping trading volumes low and economic activity subdued. Other Asian markets, as well as the US, were also closed for public holidays. The metal had reached record highs above $6.5 per pound in late January amid speculative buying from Chinese investors, before falling as much as 15% as sentiment reversed. Still, copper remains supported by ongoing supply disruptions and strong global demand from power grids, data centers, and electric vehicles. This demand puts major industrial players, including China, the US, Canada, Europe, and India, in competition to secure supplies.

Copper fell to 5.76 USD/Lbs on February 16, 2026, down 0.74% from the previous day. Over the past month, Copper's price has fallen 2.32%, but it is still 25.44% 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 16 of 2026.

Copper fell to 5.76 USD/Lbs on February 16, 2026, down 0.74% from the previous day. Over the past month, Copper's price has fallen 2.32%, but it is still 25.44% 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 5.90 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 6.60 in 12 months time.



Price Day Month Year Date
Gold 5,043.92 122.01 2.48% 8.99% 75.09% Feb/13
Silver 77.40 2.239 2.98% -16.91% 140.88% Feb/13
Copper 5.75 -0.0491 -0.85% -2.43% 25.31% Feb/16
Steel 3,056.00 16.00 0.53% -2.80% -4.68% Feb/13
Lithium 143,750.00 1250 0.88% -11.81% 88.52% Feb/13
Platinum 2,053.20 -23.90 -1.15% -13.57% 106.37% Feb/16
Iron Ore 99.66 -0.71 -0.71% -7.45% -6.71% Feb/13



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
5.76 5.80 6.58 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Falls as Lunar New Year Holiday Begins
Copper dropped nearly 1% to around $5.75 per pound on Monday, extending last week’s losses as mainland Chinese investors were away for the week-long Lunar New Year holidays, keeping trading volumes low and economic activity subdued. Other Asian markets, as well as the US, were also closed for public holidays. The metal had reached record highs above $6.5 per pound in late January amid speculative buying from Chinese investors, before falling as much as 15% as sentiment reversed. Still, copper remains supported by ongoing supply disruptions and strong global demand from power grids, data centers, and electric vehicles. This demand puts major industrial players, including China, the US, Canada, Europe, and India, in competition to secure supplies.
2026-02-16
Copper Remains Volatile
Copper climbed back above $5.8 per pound on Friday after losing 3% in the previous session, as investors continued to grapple with heightened volatility in metals and broader financial markets. Thursday’s decline lacked a clear catalyst, though simultaneous losses in equities and cryptocurrencies point to forced liquidations, likely amplified by algorithmic trading. Attention is now turning to the upcoming US inflation report, which could shape expectations for Federal Reserve policy. Copper also faces pressure from anticipated weaker near-term demand in China, the world’s largest consumer, as economic activity slows ahead of the Lunar New Year holidays. Nonetheless, ongoing supply disruptions and robust global demand, driven by the energy transition and continued expansion of AI-powered data centers, continue to underpin prices.
2026-02-13
Copper is down by 2.03%
Copper decreased 2.03% to 5.8445 USD/Lbs
2026-02-12