Actual
6.6092
Daily Change
0.02 0.36%
Monthly
-1.93%
Yearly
30.86%
Q4 Forecast
6.6435
Copper - Summary

Copper futures climbed above $6.5 per pound on Monday, recovering some of last week’s losses as weaker-than-expected US jobs data reduced pressure on the Federal Reserve to raise interest rates further. Higher interest rates would generally weigh on non-yielding assets such as commodities. Longer-term demand expectations tied to the global expansion of data centers and renewable energy also supported copper, although the near-term outlook remained pressured by signs of slowing industrial activity in top consumer China. On the supply side, Chilean production fell in August to its lowest level since February 2011, while workers at Antofagasta’s Centinela mine voted to strike after wage negotiations broke down. Elsewhere, the Trump administration has so far delayed a decision on tariffs for refined copper. Earlier threats of US tariffs on refined metals prompted traders to redirect shipments into American warehouses, helping drive a rally in copper prices.

Copper - Stats

Copper rose to 6.61 USD/Lbs on October 6, 2026, up 0.37% from the previous day. Over the past month, Copper's price has fallen 1.92%, but it is still 30.87% 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 October 6 of 2026.

Copper - Forecast

Copper rose to 6.61 USD/Lbs on October 6, 2026, up 0.37% from the previous day. Over the past month, Copper's price has fallen 1.92%, but it is still 30.87% 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 7.13 in 12 months time.



Price Day Month Year Date
Gold 4,131.88 -7.87 -0.19% -6.20% 3.67% Oct/06
Silver 60.78 -0.276 -0.45% -8.11% 27.07% Oct/06
Copper 6.61 0.0237 0.36% -1.93% 30.86% Oct/06
Steel 3,109.00 9.00 0.29% -0.48% 0.45% Sep/30
Lithium 122,800.00 -600 -0.49% -22.52% 66.96% Sep/30
Platinum 1,721.70 -2.00 -0.12% -6.57% 5.39% Oct/06
Iron Ore 91.45 0.10 0.11% -8.57% -12.47% Oct/05



Related Last Previous Unit Reference
Chile Copper Production 369.50 403.42 Thousands of Tonnes Aug 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
6.61 6.59 6.85 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Rises as Fed Rate Hike Bets Ease
Copper futures climbed above $6.5 per pound on Monday, recovering some of last week’s losses as weaker-than-expected US jobs data reduced pressure on the Federal Reserve to raise interest rates further. Higher interest rates would generally weigh on non-yielding assets such as commodities. Longer-term demand expectations tied to the global expansion of data centers and renewable energy also supported copper, although the near-term outlook remained pressured by signs of slowing industrial activity in top consumer China. On the supply side, Chilean production fell in August to its lowest level since February 2011, while workers at Antofagasta’s Centinela mine voted to strike after wage negotiations broke down. Elsewhere, the Trump administration has so far delayed a decision on tariffs for refined copper. Earlier threats of US tariffs on refined metals prompted traders to redirect shipments into American warehouses, helping drive a rally in copper prices.
2026-10-05
Copper Set for Weekly Drop
Copper futures steadied around $6.52 per pound on Friday, but remained on track for a nearly 3% weekly decline as signs of weakening industrial activity in top consumer China weighed on the demand outlook. The metal also came under pressure from a stronger dollar, elevated bond yields and rising oil prices, as the risk of an escalation in the US-Iran conflict heightened concerns over inflation. Supply developments remained in focus, with Chilean output potentially disrupted by a strike at a site owned by Antofagasta Plc, while Panama’s government proposed resuming operations at a major mine in the country. Elsewhere, the Trump administration has so far postponed a decision on tariffs on refined copper. Previous threats of US tariffs on refined metals prompted traders to redirect shipments to American warehouses and helped fuel a rally in copper prices.
2026-10-02
Copper Falls Toward 2-Week Low
Copper futures fell to around $6.50 per pound on Thursday, near a two-week low, as investors assessed mixed economic data from top consumer China this week, while a weeklong holiday in the country is expected to dampen trading activity. Data released Monday showed industrial profits in China rose 15.7% in the first eight months from a year earlier, slowing from a 17.6% increase recorded during January-July. Meanwhile, data on Wednesday showed China’s manufacturing sector returned to growth in September, improving the demand outlook in the world’s largest metals consumer. Supply developments also remain in focus, with Chilean production potentially affected by a strike at a site owned by Antofagasta Plc, while Panama’s government proposed restarting operations at a major mine in the country. Elsewhere, the Trump administration has so far delayed a decision on imposing tariffs on refined copper.
2026-10-01