Copper PRICE Today Copper Spot Price Chart Live Price of Copper per Ounce

For copper commodity market prices for trading — you’ll find copper listed in pounds (lb). The Fed’s Christopher Waller told markets that another rate cut could come as early as the first half should inflation data prove favorable. A drop in the DXY would add downside pressure for metal prices like copper. One standard ounce of copper is equal to almost exactly 28 grams.

LME Copper Sterling Day-13 Historical Prices

The price of copper may depend greatly on the ability of these countries, as well as other emerging economies like Brazil. The October port strike also saw the delta between Comex and LME copper prices balloon, albeit to a much lesser extent. Comex prices rose more sharply ahead of the three-day strike, causing the spread to hit $292/mt before the mediators reached an agreement. It’s mainly used in electrical wiring, roofing, plumbing, and cooking utensils. Copper’s widespread usage began during the Copper Age, from 3500 to 2300 BCE. The metal was initially used exclusively in its pure state but was later used in the production of other metal alloys.

• As the world is shifting towards renewable energy sources like solar and wind, the demand for copper is slated to increase further.
• Meanwhile, reports show the Trump administration is currently weighing a more gradual implementation process for tariffs, which would likely temper market reactions.
• Despite what was described by certain distributors as a sideways market throughout Q4, both spot and three-month futures for the premium have been on the rise since late October.
• If prices are on a surge and sustain at higher levels, then it could be assumed that the global economy is in better shape and growing.
• As a result, it is particularly prone to spikes when stocks become depleted.
• The “More Data” widgets are also available from the Links column of the right side of the data table.

Finally, natural disasters like earthquakes and landslides can slow down mining output. Copper traders should pay attention to geopolitical news that affects the mining industry. Historically, countries in this region have Carry trade example occasionally chosen governments that nationalized the mining industry. Barchart Plus Members have 10 downloads per day, while Barchart Premier Members may download up to 250 .csv files per day. Also unique to Barchart, Flipcharts allow you to scroll through all the symbols on the table in a chart view. While viewing Flipcharts, you can apply a custom chart template, further customizing the way you can analyze the symbols.

Spot Prices Updated Daily

Most data tables can be analyzed using “Views.” A View simply presents the symbols on the page with a different set of columns. The list of symbols included on the page is updated every 10 minutes throughout the trading day. However, new stocks are not automatically added to or re-ranked on the page until the site performs its 10-minute update. The Corporacion Nacional del Cobre de Chile or Codelco is the world’s largest copper producing company.

Forex, Gold & Silver:

This is due to the widespread use of copper in all sectors of the economy. Navigate the markets effectively with our live copper price chart and industry updates. Copper bullion might be harder to purchase than the convert euro to hong kong dollar likes of gold, silver, platinum, or palladium since it’s not classified as a ‘precious metal’. Political, environmental, and labor issues can have a big impact on copper prices. South America supplies a significant amount of copper, particularly Chile and Peru.

Substitution: Alternative Metals To Copper

This is likely due to traders pricing in the impact of potential tariffs, some of which may impact the copper market. Conversely, LME copper prices experienced only a modest increase, resulting in at least a short-term bifurcation between the two exchanges. The most common weight units to measure copper are pounds pennsylvania schools fund investigating investment return error (lb), standard ounces (oz), troy ounces (t oz), and grams (g).

• Copper’s widespread usage began during the Copper Age, from 3500 to 2300 BCE.
• The price trend seems to support the current rise in demand, but commodity prices are highly cyclical in nature.
• For copper commodity market prices for trading — you’ll find copper listed in pounds (lb).
• In fact, the dollar rose above 109 by January 15, its highest level since November 2022.
• Chile is the world’s largest producer of copper followed by Peru.
• ARCHIVE Browse our metal price archive with metal prices going back to 2000 in USD and back to 2010 in other national currencies and cryptocurrencies.
• However, new stocks are not automatically added to or re-ranked on the page until the site performs its 10-minute update.

US traders welcome at these brokers:

Australian mining giant BHP Group with 1.72 million tonnes of copper produced in 2020 ranks second in the world. Marko has been working on the road for over 5 years, and is currently based in Europe. Alongside writing and editing, Marko works on projects related to online technology and digital marketing. You can also learn about the national economies of countries like China and India, both of which are key players in the copper market. Cheaper metals such as aluminum are now a substitute for copper in power cables, electrical equipment, and refrigeration equipment.

Although it has similar properties to gold and silver, copper is significantly cheaper. The global copper supply is fueled by mining and recycling of copper products. When mined, copper is extracted from crushed ore and is furthered refined through smelting. A halt of growth in emerging economies would almost certainly have a negative effect on copper prices.

The U.S. dollar index remains strong, which has placed a lid on commodity prices. In fact, the dollar rose above 109 by January 15, its highest level since November 2022. Meanwhile, strong U.S. economic data has cast doubt on whether 2025 will see further rate cuts. This puts market expectations at odds with plans by the Fed, which is likely to continue cuts, albeit at a slower pace than what occurred during the second half of 2024. This included the Comex short-squeeze in late May, which triggered the end of the Q rally across the base metal category.

One troy ounce is rounded to 31.1 grams — this unit is typically used on exchanges and by bullion dealers. The Historical Futures page lists all current and expired futures contracts for a specific commodity. Sorted by contract year, the page shows contracts and prices along with the last trade date for the contract. Click on any symbol, including expired futures contract symbols, to view quote and chart data.