Copper fell to around $5.77 per pound on Friday, hitting its lowest level in nearly six weeks, and on track for its worst week since late November, pressured by slowing demand from Chinese buyers and rising inventories. Reports showed that key consumer China had reduced purchases by fabricators and manufacturers as firms gradually pulled back ahead of the Chinese holidays. Stockpiles in LME warehouses across Asia are also climbing, further signaling softer demand. Analysts say the trend could accelerate as traders divert shipments from Africa to China to take advantage of temporary price gaps between Shanghai and London. Market sentiment was further weighed down after the China Nonferrous Metals Industry Association projected that refined copper output will rise about 5% in 2026, half the growth recorded in 2025.

Copper fell to 5.76 USD/Lbs on February 6, 2026, down 1.01% from the previous day. Over the past month, Copper's price has fallen 1.68%, but it is still 25.68% 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 6.58 in January of 2026. Copper - data, forecasts, historical chart - was last updated on February 6 of 2026.

Copper fell to 5.76 USD/Lbs on February 6, 2026, down 1.01% from the previous day. Over the past month, Copper's price has fallen 1.68%, but it is still 25.68% 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 6.05 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 6.72 in 12 months time.



Price Day Month Year Date
Gold 4,810.17 31.58 0.66% 7.94% 68.22% Feb/06
Silver 71.61 0.779 1.10% -8.41% 125.24% Feb/06
Copper 5.75 -0.0673 -1.16% -1.82% 25.50% Feb/06
Steel 3,077.00 -3.00 -0.10% -2.56% -6.19% Feb/06
Lithium 144,000.00 -9000 -5.88% 12.94% 86.29% Feb/05
Platinum 1,921.00 -149.60 -7.22% -15.32% 92.58% Feb/06
Iron Ore 101.03 -1.14 -1.12% -5.39% -4.90% Feb/05



Related Last Previous Unit Reference
Chile Copper Production 540.22 451.87 Thousands of Tonnes Dec 2025
Peru Copper Production 248192.00 240995.00 Tonnes Oct 2025

Copper
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 mining followed by Democratic Republic of the Congo, Peru, China, 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.
Actual Previous Highest Lowest Dates Unit Frequency
5.76 5.82 6.58 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Falls to Six-Week Low
Copper fell to around $5.77 per pound on Friday, hitting its lowest level in nearly six weeks, and on track for its worst week since late November, pressured by slowing demand from Chinese buyers and rising inventories. Reports showed that key consumer China had reduced purchases by fabricators and manufacturers as firms gradually pulled back ahead of the Chinese holidays. Stockpiles in LME warehouses across Asia are also climbing, further signaling softer demand. Analysts say the trend could accelerate as traders divert shipments from Africa to China to take advantage of temporary price gaps between Shanghai and London. Market sentiment was further weighed down after the China Nonferrous Metals Industry Association projected that refined copper output will rise about 5% in 2026, half the growth recorded in 2025.
2026-02-06
Copper Pressured by Supply Concerns
Copper held below $5.85 per pound on Thursday after losing nearly 4% in the previous session, weighed down rising supplies in top consumer China. An industry group has forecasted that the country’s refined copper output will likely rise by about 5% this year following a 10% increase last year. Rising stockpiles in major trading hubs, particularly LME warehouses in Asia, also weighed on prices, signaling that supplies initially destined for the US may have been redirected elsewhere. On the demand side, purchases from Chinese fabricators and manufacturers slowed for a second consecutive day on Wednesday as businesses prepare for the Lunar New Year holidays. The dip-buying earlier this week also faded as precious metals, especially gold and silver, came under renewed selling pressure.
2026-02-05
Copper Slips on Rising Inventories
Copper fell about 1% to $6 per pound on Wednesday, trimming gains from the previous session amid rising inventories at major trading hubs in Shanghai, London, and New York. The red metal decoupled from gold and silver, which climbed for a second day on safe-haven demand, as investors assessed soft physical demand and ample supply for copper. On Tuesday, copper had surged nearly 5% in its best one-day gain since November 2022, driven by a broad rebound in metals after a historic drop. Chinese manufacturers also bought to replenish inventories at lower prices, while a state-backed industry group urged authorities to increase strategic reserves of the metal. In corporate developments, Glencore agreed to sell 40% of its stakes in two African copper operations to a US government-backed group, as Washington seeks greater control over critical minerals.
2026-02-04