Actual
6.5150
Daily Change
-0.04 -0.67%
Monthly
0.22%
Yearly
32.72%
Q4 Forecast
6.7026
Copper - Summary

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.

Copper - Stats

Copper fell to 6.52 USD/Lbs on October 1, 2026, down 0.67% from the previous day. Over the past month, Copper's price has risen 0.22%, and is up 32.72% 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 6.85 in September of 2026. Copper - data, forecasts, historical chart - was last updated on October 1 of 2026.

Copper - Forecast

Copper fell to 6.52 USD/Lbs on October 1, 2026, down 0.67% from the previous day. Over the past month, Copper's price has risen 0.22%, and is up 32.72% 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 7.02 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 7.36 in 12 months time.



Price Day Month Year Date
Gold 4,178.50 20.70 0.50% -4.77% 8.36% Oct/01
Silver 61.03 0.619 1.03% -6.57% 29.87% Oct/01
Copper 6.52 -0.0440 -0.67% 0.22% 32.72% Oct/01
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 1,722.80 3.90 0.23% -2.37% 9.47% Oct/01
Iron Ore 92.10 -4.49 -4.65% -5.75% -11.53% Oct/01



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
6.52 6.56 6.85 0.60 1988 - 2026 USd/LB Daily

News Stream
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
Copper Prices Below Record Levels
Copper futures fell toward $6.5 per pound, extending their retreat from record highs of $6.8 per pound in September, as softening economic data from top consumer China weighed on the demand outlook. Industrial profits in China increased 15.7% in the first eight months from a year earlier, slowing from a 17.6% rise during January-July. Meanwhile, supply concerns are reemerging after workers at Antofagasta’s Centinela site in Chile rejected the company’s final wage offer, paving the way for a strike. Last week, Operations at BHP’s Escondida copper mine in Chile, the world’s largest, were suspended after an accident killed a worker but operations are being resumed progressively. Copper prices advanced more than 4% in the third quarter as physical markets showed signs of tightness, and vast amounts of refined material were stockpiled in US warehouses on expectations that the Trump administration will introduce a tariff on imports.
2026-09-29
Copper Drops on Weak China Data
Copper futures fell to around $6.55 per pound, extending their retreat from record highs as softening economic data from top consumer China weighed on the demand outlook. Industrial profits in China increased 15.7% in the first eight months from a year earlier, slowing from a 17.6% rise during January-July as subdued domestic demand offset strength in high-tech and AI-related manufacturing. On a monthly basis, industrial profits rose just 4.2% in August year-on-year, marking the slowest growth since November 2025. Last week, copper prices surged to fresh records as supply disruptions and tariff concerns fueled the rally. Operations at BHP’s Escondida copper mine in Chile, the world’s largest, were suspended indefinitely after an accident killed a worker. Meanwhile, the Trump administration has yet to decide on imposing US tariffs on refined copper, leaving markets focused on the potential policy move.
2026-09-28