Copper pulled back toward $4.3 per pound at the end of November, after a new and possibly vaccine-resistant coronavirus variant was detected in South Africa raised concerns about the global economic recovery and dented risk sentiment. The copper market has been buoyed recently by signals of more property support in China and concerns over tight global supply. Still, miners are ramping up with the Kamoa-Kakula project in the Democratic Republic of Congo producing 41,545 tonnes of copper concentrate in the third quarter.

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

Copper is expected to trade at 4.20 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 3.95 in 12 months time.

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Copper


Price Day Month Year
Gold 1,792.69 4.52 0.25% -0.22% 0.26%
Silver 23.13 0.025 0.11% -3.80% 1.92%
Copper 4.28 -0.1545 -3.48% -2.46% 25.27%
Steel 4,295.00 -71.00 -1.63% -11.21% 5.79%
Iron Ore 96.50 -4.00 -3.98% -17.52% -25.48%
Lithium 197,500.00 0 0% 3.13% 406.41%
Platinum 953.68 -41.57 -4.18% -5.62% -1.03%


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.