Copper futures rose beyond the $3.75 threshold, a climb from the over two-month low of $3.6362 reached on August 16th, driven by policy measures aimed at supporting China's wavering economic recovery, coupled with indications of increasing demand from the Chinese market. Beijing's authorization for 12 provinces and regions to issue 1.5 trillion yuan of special financing bonds is poised to enhance funding for construction and infrastructure ventures. Moreover, the interest rate reductions orchestrated by the People's Bank of China, coupled with a gradual revival of domestic demand, have also provided some support.

Historically, Copper reached an all time high of 5.02 in March of 2022. Copper - data, forecasts, historical chart - was last updated on August of 2023.

Copper is expected to trade at 3.85 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 4.09 in 12 months time.

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Copper



Price Day Month Year Date
Gold 1,945.42 3.18 0.16% 0.07% 14.70% Aug/31
Silver 24.57 -0.081 -0.33% 0.98% 37.64% Aug/31
Copper 3.76 -0.0216 -0.57% -3.71% 10.33% Aug/31
Steel 3,736.00 43.00 1.16% -1.03% -4.23% Aug/31
Iron Ore 117.50 2.00 1.73% 5.86% 18.69% Aug/30
Lithium 211,500.00 0 0% -20.04% -57.06% Aug/30
Platinum 971.43 -2.26 -0.23% 4.32% 17.27% Aug/31


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 Peru, Democratic Republic of the Congo, 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
3.76 3.79 5.02 0.60 1988 - 2023 USd/LB Daily