Copper futures decreased to $4.4 per pound on Tuesday, the lowest in more than seven weeks, as China is set to take measures to curb any further rise in commodity prices. The Chinese authorities have been signaling the crackdown on speculation in commodity markets already for some time. Meanwhile, it was reported that China's state reserves administration plans to sell its reserves of copper, aluminum, and zinc until the end of 2021. Still, copper prices remain close to an all-time high of almost $4.9 per pound in the second week of May, as trillions in dollars of economic stimulus to support post-COVID recovery including funds for infrastructure and for transition to a carbon-free world, boosted demand. At the same time, lack of investment by big mining companies and a slowdown in production during the height of the covid outbreak last spring brought inventories to levels not seen in fifteen years.

Historically, Copper reached an all time high of 4.90 in May of 2021. Copper - data, forecasts, historical chart - was last updated on June of 2021.

Copper is expected to trade at 4.31 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 3.96 in 12 months time.

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Copper


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 production followed by China, Peru, 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.
Energy Price Day Weekly Monthly YTD Date
Crude Oil
USD/Bbl
71.5200 0.64 0.90% 2.10% 7.92% 47.40% Jun/15
Brent
USD/Bbl
73.5300 0.67 0.92% 1.81% 5.86% 41.95% Jun/15
Natural gas
USD/MMBtu
3.3590 0.01 0.21% 7.38% 8.04% 32.30% Jun/15
Gasoline
USD/Gal
2.1815 0.01 0.47% -1.69% 1.07% 54.71% Jun/15
Heating oil
USD/Gal
2.1202 0.01 0.41% -0.69% 2.90% 42.87% Jun/15
Ethanol
USD/Gal
2.4600 0.00 0.00% 0.00% 5.13% 71.67% Jun/14
Naphtha
USD/T
619.19 0.26 -0.04% 0.08% 4.43% 43.10% Jun/14
Propane
USD/Gal
0.94 0.00 -0.39% 2.48% 14.90% 45.25% Jun/14
Uranium
USD/Lbs
32.5000 0.20 -0.61% 0.46% 5.01% 5.86% Jun/14

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,864.12 1.88 -0.10% -1.52% -0.11% -1.71% Jun/15
Silver
USD/t.oz
27.617 0.22 -0.78% -0.07% -1.96% 4.77% Jun/15
Platinum
USD/t.oz
1,157.91 7.09 -0.61% -0.30% -6.58% 8.63% Jun/15

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,483.7500 11.75 0.80% -6.09% -6.54% 13.55% Jun/15
Wheat
USd/Bu
661.7500 12.75 -1.89% -3.39% -5.43% 3.32% Jun/15
Lumber
USD/1000 board feet
996.20 63.00 -5.95% -18.42% -24.93% 14.10% Jun/14
Cheese
USD/Lbs
1.6510 0.01 0.49% 0.67% -8.48% 0.30% Jun/14
Palm Oil
MYR/T
3,436.00 61.00 1.81% -15.14% -19.00% -4.56% Jun/15
Milk
USD/CWT
17.25 0.00 0.00% 0.58% -8.49% 9.18% Jun/14
Wool
AUD/100Kg
1,393.00 0.00 0.00% 3.72% 6.66% 18.96% Jun/14
Tea
USD/Kgs
3.19 0.00 0.00% 23.64% 5.63% 11.15% Jun/14
Orange Juice
USd/Lbs
117.65 3.35 -2.77% -6.18% -0.68% -4.54% Jun/14
Rice
USD/cwt
12.4550 0.05 -0.40% -5.21% -7.43% 1.76% Jun/15
Rubber
JPY/Kg
245.00 2.10 -0.85% 0.04% -5.41% -8.85% Jun/15
Oat
USd/Bu
367.7500 1.00 -0.27% -9.87% 2.01% 1.94% Jun/15
Canola
CAD/T
852.50 1.20 -0.14% -1.54% -7.01% 35.42% Jun/15
Cocoa
USD/T
2,375.00 21.00 -0.88% 0.00% -6.46% -8.76% Jun/15
Cotton
USd/Lbs
85.45 0.50 0.59% 0.36% 3.80% 9.38% Jun/15
Coffee
USd/Lbs
153.35 0.75 -0.49% -2.76% 5.03% 19.57% Jun/15
Sugar
USd/Lbs
17.41 0.12 0.69% -1.69% 2.47% 12.40% Jun/15
Corn
USd/BU
656.7500 2.50 -0.38% -3.42% 0.65% 35.69% Jun/15

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
20.87 0.15 0.72% 2.76% 4.56% 15.05% Jun/14
Poultry
BRL/Kgs
7.32 0.00 0.00% 3.54% 1.39% 21.80% Jun/14
Feeder Cattle
USd/Lbs
154.6000 3.43 2.27% 2.93% 12.09% 11.26% Jun/14
Live Cattle
USd/Lbs
119.3750 0.68 0.57% 2.71% 3.49% 3.78% Jun/14
Lean Hogs
USd/Lbs
118.2250 1.75 -1.46% -1.40% 8.81% 68.23% Jun/14

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.3620 0.17 -3.64% -4.08% -7.61% 23.96% Jun/15
Coal
USD/T
116.75 1.25 -1.06% 4.47% 22.89% 43.75% Jun/15
Steel
CNY/T
4,850.00 50.00 -1.02% -0.21% -18.45% 14.93% Jun/15
Iron Ore
USD/T
221.00 0.00 0.00% 8.33% 6.00% 39.43% Jun/14
Lithium
CNY/T
89,000.00 0.00 0.00% 0.00% 0.00% 91.40% Jun/15
Bitumen
CNY/T
3,234.00 118.00 3.79% 1.51% 4.12% 35.77% Jun/15
Palladium
USD/t.oz
2,761.43 10.50 0.38% -1.62% -4.82% 12.82% Jun/15
Aluminum
USD/T
2,449.50 33.25 -1.34% -0.26% -1.81% 23.67% Jun/15
Tin
USD/T
31,042.50 657.50 -2.07% -0.35% 3.57% 52.81% Jun/15
Zinc
USD/T
2,987.50 69.75 -2.28% -1.05% -1.36% 8.60% Jun/15
Cobalt
USD/T
42,535.00 0.00 0.00% 0.00% -3.54% 32.14% Jun/14
Lead
USD/T
2,192.25 8.75 -0.40% 2.23% 0.13% 10.96% Jun/14
Nickel
USD/T
18,450.25 245.75 1.35% 3.29% 3.16% 11.46% Jun/14
Molybdenum
USD/Kg
34.75 0.00 0.00% 0.00% 19.83% 47.87% Jun/14
Neodymium
CNY/T
602,500.00 0.00 0.00% 0.00% -5.49% -3.21% Jun/14
Iron Ore 62% fe
USD/T
214.05 0.92 0.43% 5.75% -0.44% 37.35% Jun/14
Rhodium
USD/t oz.
22,300.00 0.00 0.00% -0.89% -21.48% 31.18% Jun/14
Soda Ash
CNY/T
1,846.00 0.00 0.00% 1.10% 4.89% 37.76% Jun/15
Manganese
CNY/T
32.25 0.00 0.00% 0.00% 0.78% 3.20% Jun/14

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
224.27 1.29 -0.57% 0.72% 2.47% 25.79% Jun/14
LME Index
Index Points
4,290.60 6.70 0.16% 1.59% -1.70% 25.66% Jun/14
S&P GSCI
Index Points
2,566.49 12.11 -0.47% 0.79% 2.70% 29.82% Jun/14