Actual
6.6088
Daily Change
0.09 1.46%
Monthly
6.97%
Yearly
51.22%
Q3 Forecast
6.5596
Copper - Summary

Copper futures climbed toward $6.6 per pound on Tuesday, reaching their highest level in two months as ongoing supply constraints continued to tighten market conditions. Analysts cited shortages of copper concentrate and scrap copper in top consumer China, driving treatment charges and market spreads higher. Traders also remained cautious over the prospect of new US tariffs on the metal, which has encouraged the diversion of copper shipments into the US. In addition, copper continued to draw support from its favorable long-term demand outlook, fueled by the global shift toward clean energy and the rapid expansion of artificial intelligence data centers. Meanwhile, private data showed China's manufacturing activity slowed to a four-month low in July as output and new orders expanded at a weaker pace, dampening the demand outlook. The Politburo also indicated last week that it would continue relying on existing policy measures instead of rolling out broad-based stimulus.

Copper - Stats

Copper rose to 6.62 USD/Lbs on August 4, 2026, up 1.67% from the previous day. Over the past month, Copper's price has risen 7.19%, and is up 51.53% 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 6.67 in June of 2026. Copper - data, forecasts, historical chart - was last updated on August 4 of 2026.

Copper - Forecast

Copper rose to 6.62 USD/Lbs on August 4, 2026, up 1.67% from the previous day. Over the past month, Copper's price has risen 7.19%, and is up 51.53% 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 6.56 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 7.21 in 12 months time.



Price Day Month Year Date
Gold 4,077.86 22.73 0.56% -2.09% 20.61% Aug/04
Silver 59.51 1.823 3.16% -4.08% 57.35% Aug/04
Copper 6.61 0.0948 1.46% 6.97% 51.22% Aug/04
Steel 2,981.00 4.00 0.13% -2.68% -7.36% Aug/04
Lithium 140,000.00 0 0% -15.28% 96.63% Aug/04
Platinum 1,746.70 120.50 7.41% 6.31% 32.74% Aug/04
Iron Ore 93.70 0.04 0.04% -4.68% -7.56% Aug/04



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
6.62 6.51 6.67 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Gains on Tightening Supply
Copper futures climbed toward $6.6 per pound on Tuesday, reaching their highest level in two months as ongoing supply constraints continued to tighten market conditions. Analysts cited shortages of copper concentrate and scrap copper in top consumer China, driving treatment charges and market spreads higher. Traders also remained cautious over the prospect of new US tariffs on the metal, which has encouraged the diversion of copper shipments into the US. In addition, copper continued to draw support from its favorable long-term demand outlook, fueled by the global shift toward clean energy and the rapid expansion of artificial intelligence data centers. Meanwhile, private data showed China's manufacturing activity slowed to a four-month low in July as output and new orders expanded at a weaker pace, dampening the demand outlook. The Politburo also indicated last week that it would continue relying on existing policy measures instead of rolling out broad-based stimulus.
2026-08-03
Copper Set for Weekly and Monthly Gains
Copper futures climbed above $6.45 per pound on Friday and were on track to finish the week and the month about 2% and 4% higher, respectively. The gains followed the US Federal Reserve’s decision to leave interest rates unchanged this week, easing concerns over the demand outlook for industrial metals. In top consumer China, the Politburo signaled it would continue relying on existing policy measures rather than introducing broad-based stimulus, emphasizing the need to “fully use” current tools while directing fiscal spending and bond issuance toward boosting demand and improving supply. Meanwhile, copper continued to find support from its strong long-term demand outlook, underpinned by the global transition to clean energy and the rapid expansion of artificial intelligence data centers.
2026-07-31
Copper Hits 5-week Low
Copper decreased to 5.99 USD/Lbs, the lowest since June 2026. Over the past 4 weeks, Copper gained 5.67%, and in the last 12 months, it increased 46.95%.
2026-07-30