Copper futures eased to around $4.7 per pound as China’s pledge to bring down coal prices cooled down fears about supply disruption in metals. Yet, the price of copper remains close to a record high of $4.9 hit in May, with strong bullish fundamentals supporting the metal as soaring demand depleted stocks and supply disruptions in top producer Chile linger. Freely available stockpiles have shrunk by more than 90% over the last couple of months and sit near multi-decade lows in LME-monitored warehouses, a trend also seen in Chinese and American inventories. Adding to concerns, a Peruvian community will block a key road in a major copper mine in Peru, the world’s 2nd largest producer, after failed negotiations with the government.

Historically, Copper reached an all time high of 4.90 in May of 2021. Copper - data, forecasts, historical chart - was last updated on October of 2021.

Copper is expected to trade at 4.81 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 5.10 in 12 months time.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website

Price Day Month Year
Gold 1,779.63 10.76 0.61% 0.30% -7.53%
Silver 23.90 0.248 1.05% 6.35% -4.68%
Copper 4.65 -0.0690 -1.46% 12.52% 45.50%
Steel 5,570.00 -55.00 -0.98% -5.19% 52.35%
Iron Ore 115.00 0 0% 10.05% -3.36%
Lithium 181,000.00 0 0% 13.84% 364.10%
Platinum 1,039.68 -0.33 -0.03% 9.02% 17.31%

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 production followed by China, Peru, 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.