Copper futures in the US were above $6.3 per pound, halting the slide from the record high of $6.6 touched on June 2nd as supply risks from the war in the Middle East toggled against the macroeconomic headwinds stemmed by the conflict. The first exchange of strikes between Iran and Israel since their fragile ceasefire dimmed expectations of a broader deal between Tehran and the US. The prolonged conflict has halted exports of sulfur and sulfuric acid from key GCC producers, which in turn have driven China to halt their exports of the commodities and triggered shortages in major copper producer Chile. Tight supply of sulfuric acid limits copper refining capacity, challenging Codelco's ongoing campaign to reduce operating costs. Meanwhile, macroeconomic pressure on manufacturers due to the war limited the increase in prices. These were also capped by expectations of a hawkish Federal Reserve following the release of robust jobs numbers in the US, strengthening the dollar.

Copper fell to 6.29 USD/Lbs on June 9, 2026, down 0.23% from the previous day. Over the past month, Copper's price has fallen 1.97%, but it is still 28.93% 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 6.67 in June of 2026. Copper - data, forecasts, historical chart - was last updated on June 9 of 2026.

Copper fell to 6.29 USD/Lbs on June 9, 2026, down 0.23% from the previous day. Over the past month, Copper's price has fallen 1.97%, but it is still 28.93% 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 6.31 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 7.06 in 12 months time.



Price Day Month Year Date
Gold 4,324.55 7.59 0.18% -8.68% 29.94% Jun/09
Silver 67.84 -0.303 -0.44% -21.20% 85.46% Jun/09
Copper 6.29 -0.0120 -0.19% -1.93% 28.98% Jun/09
Steel 3,136.00 -25.00 -0.79% -3.12% 6.02% Jun/08
Lithium 163,750.00 750 0.46% -16.13% 171.78% Jun/08
Platinum 1,752.60 1.30 0.07% -17.58% 43.99% Jun/09
Iron Ore 101.05 -0.95 -0.93% -9.31% 5.68% Jun/08



Related Last Previous Unit Reference
Chile Copper Production 399.95 434.49 Thousands of Tonnes Apr 2026
Peru Copper Production 223263.00 226256.00 Tonnes Feb 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
6.29 6.30 6.67 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Halts Pullback from Record
Copper futures in the US were above $6.3 per pound, halting the slide from the record high of $6.6 touched on June 2nd as supply risks from the war in the Middle East toggled against the macroeconomic headwinds stemmed by the conflict. The first exchange of strikes between Iran and Israel since their fragile ceasefire dimmed expectations of a broader deal between Tehran and the US. The prolonged conflict has halted exports of sulfur and sulfuric acid from key GCC producers, which in turn have driven China to halt their exports of the commodities and triggered shortages in major copper producer Chile. Tight supply of sulfuric acid limits copper refining capacity, challenging Codelco's ongoing campaign to reduce operating costs. Meanwhile, macroeconomic pressure on manufacturers due to the war limited the increase in prices. These were also capped by expectations of a hawkish Federal Reserve following the release of robust jobs numbers in the US, strengthening the dollar.
2026-06-08
Copper Holds Decline on Rate Hike Fears
Copper futures remained below $6.3 per pound on Monday after falling roughly 6% over the previous three sessions, pressured by robust US jobs data that strengthened expectations for a Federal Reserve interest rate increase later this year. Escalating tensions in the Middle East also added to market concerns after Iran launched missiles toward Israel, driving energy prices higher and raising fears of persistent inflation. Higher inflation and tighter monetary policy could weigh on economic growth and curb demand for industrial metals such as copper. Meanwhile, the Trump administration's June deadline to decide on potential new US import tariffs has encouraged additional copper shipments into the United States, tightening supply in other regions. On the demand side, data showed copper inventories in warehouses monitored by the Shanghai Futures Exchange fell to their lowest level of the year last week, pointing to resilient consumption and strong buying activity in China.
2026-06-08
Copper is down by 2%
Copper decreased 2% to 6.3807 USD/Lbs
2026-06-05