Actual
6.7145
Daily Change
0.12 1.74%
Monthly
6.60%
Yearly
50.56%
Q3 Forecast
6.6781
Copper - Summary

Copper futures jumped above $6.7 per pound on Monday, moving toward fresh record highs amid further signs of tightening global supply. China’s refined copper output is expected to decline for a second consecutive month in August as persistent shortages of copper concentrate and other smelter feedstocks continue to weigh on operating rates, highlighting increasingly tight raw material availability. At the same time, tighter domestic tax-invoice regulations have reduced the availability of VAT-compliant recycled copper, limiting another key source of smelter feedstock and putting further pressure on refined output. In top producer Chile, state-owned miner Codelco reportedly expects copper production to decline this year as it faces setbacks at its mines and development projects. Traders also remained cautious about potential US import tariffs on copper, which have continued to divert metal away from international markets and into US warehouses.

Copper - Stats

Copper rose to 6.71 USD/Lbs on August 17, 2026, up 1.64% from the previous day. Over the past month, Copper's price has risen 6.49%, and is up 50.41% compared to the same time last year, 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 August 17 of 2026.

Copper - Forecast

Copper rose to 6.71 USD/Lbs on August 17, 2026, up 1.64% from the previous day. Over the past month, Copper's price has risen 6.49%, and is up 50.41% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Copper is expected to trade at 6.68 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 7.24 in 12 months time.



Price Day Month Year Date
Gold 4,395.45 19.95 0.46% 9.67% 31.90% Aug/17
Silver 65.58 0.914 1.41% 16.29% 72.48% Aug/17
Copper 6.71 0.1150 1.74% 6.60% 50.56% Aug/17
Steel 3,016.00 -2.00 -0.07% -1.76% -4.44% Aug/17
Lithium 153,000.00 1500 0.99% 0.99% 84.99% Aug/17
Platinum 1,759.10 2.20 0.13% 9.67% 32.72% Aug/17
Iron Ore 95.17 0.12 0.13% -3.75% -6.32% Aug/14



Related Last Previous Unit Reference
Chile Copper Production 447.29 423.62 Thousands of Tonnes Jun 2026
Peru Copper Production 238464.00 223263.00 Tonnes Mar 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
6.71 6.60 6.83 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Jumps on Supply Concerns
Copper futures jumped above $6.7 per pound on Monday, moving toward fresh record highs amid further signs of tightening global supply. China’s refined copper output is expected to decline for a second consecutive month in August as persistent shortages of copper concentrate and other smelter feedstocks continue to weigh on operating rates, highlighting increasingly tight raw material availability. At the same time, tighter domestic tax-invoice regulations have reduced the availability of VAT-compliant recycled copper, limiting another key source of smelter feedstock and putting further pressure on refined output. In top producer Chile, state-owned miner Codelco reportedly expects copper production to decline this year as it faces setbacks at its mines and development projects. Traders also remained cautious about potential US import tariffs on copper, which have continued to divert metal away from international markets and into US warehouses.
2026-08-17
Copper Slips as China Demand Slows
Copper futures fell to around $6.55 per pound, hitting near two-week lows as elevated prices weakened demand and discouraged buyers in top consumer China. The Yangshan premium, which reflects the premium paid above the benchmark LME copper price for refined copper imported into China, declined to $96 per ton after reaching $115 a ton last month. However, concerns over tightening supply continued to underpin prices amid expectations for constrained global mine output. Chilean state-owned miner Codelco reportedly expects lower copper production this year as it faces setbacks at its mines and development projects. The company has abandoned its previous target of producing 1.34 million metric tons this year, compared with last year’s revised output of 1.307 million tons. Traders also remained cautious about potential US import tariffs on copper, which have continued to divert metal away from international markets and into US warehouses.
2026-08-13
Copper Edges Higher on Supply Concerns
Copper futures climbed toward $6.65 per pound on Wednesday, rising for the third straight session, supported by signs of tightening global supply and expectations for constrained mine output. Traders remained cautious over potential US import tariffs on copper, which have continued to redirect metal from international markets into US warehouses. The Democratic Republic of Congo also recently imposed an export ban on copper concentrate, although the move is unlikely to have a major impact on global supplies. Meanwhile, the long-term outlook for copper extraction and production is becoming increasingly constrained by declining ore grades, environmental regulations and geopolitical risks. On the demand side, copper continues to benefit from robust consumption driven by the global shift toward electrification and the expansion of artificial intelligence data centers.
2026-08-11