Copper rose above $5.5 per pound on Friday and was set for its first weekly gain since the Middle East conflict began, supported by hopes for a diplomatic resolution between the US and Iran. President Donald Trump extended the deadline to strike Iranian energy infrastructure by 10 days to allow for negotiations, adding that Iran had permitted 10 oil tankers to pass through the Strait of Hormuz this week as a gesture of goodwill. However, reports indicated the Pentagon is considering sending up to 10,000 additional ground troops to the region, giving the White House more options at the negotiating table. Copper and other metals have come under pressure this month as disruptions from the conflict and surging energy prices heightened concerns over inflation and slowing global industrial activity.

Copper rose to 5.47 USD/Lbs on March 27, 2026, up 0.29% from the previous day. Over the past month, Copper's price has fallen 7.27%, but it is still 7.38% 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 March 27 of 2026.

Copper rose to 5.47 USD/Lbs on March 27, 2026, up 0.29% from the previous day. Over the past month, Copper's price has fallen 7.27%, but it is still 7.38% 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 5.49 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 6.23 in 12 months time.



Price Day Month Year Date
Gold 4,454.84 74.88 1.71% -16.30% 44.43% Mar/27
Silver 68.65 0.590 0.87% -23.11% 101.38% Mar/27
Copper 5.46 0.0132 0.24% -7.31% 7.34% Mar/27
Steel 3,126.00 4.00 0.13% 2.19% -2.22% Mar/27
Lithium 158,000.00 1500 0.96% -8.41% 113.08% Mar/27
Platinum 1,829.90 -9.00 -0.49% -20.95% 86.40% Mar/27
Iron Ore 106.14 0.12 0.11% 7.15% 3.69% Mar/26



Related Last Previous Unit Reference
Chile Copper Production 540.22 451.87 Thousands of Tonnes Dec 2025
Peru Copper Production 216152.00 248192.00 Tonnes Nov 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
5.47 5.45 6.58 0.60 1988 - 2026 USd/LB Daily

News Stream
Copper Firms Up on Ceasefire Hopes
Copper rose above $5.5 per pound on Friday and was set for its first weekly gain since the Middle East conflict began, supported by hopes for a diplomatic resolution between the US and Iran. President Donald Trump extended the deadline to strike Iranian energy infrastructure by 10 days to allow for negotiations, adding that Iran had permitted 10 oil tankers to pass through the Strait of Hormuz this week as a gesture of goodwill. However, reports indicated the Pentagon is considering sending up to 10,000 additional ground troops to the region, giving the White House more options at the negotiating table. Copper and other metals have come under pressure this month as disruptions from the conflict and surging energy prices heightened concerns over inflation and slowing global industrial activity.
2026-03-27
Copper is down by 2.01%
Copper decreased 2.01% to 5.418 USD/Lbs
2026-03-26
Copper Falls as Iran War Persists
Copper dropped more than 1% to around $5.45 per pound on Thursday, reversing gains from the previous session as conflicting statements from the US and Iran over potential peace talks weighed on metals markets. Washington has maintained that negotiations are ongoing, with the Trump administration reportedly sending a 15-point proposal to Iran via Pakistan aimed at resolving the conflict and reopening the Strait of Hormuz. However, Iran said it has no intention of holding talks with the US and would reject a US ceasefire offer, instead setting its own conditions, including sovereign control over the strategic waterway. Disruptions from the Middle East conflict and surging energy prices have raised concerns about inflation and slowing industrial activity globally, clouding the demand outlook for metals.
2026-03-26