Open pit copper mine

Copper Price Outlook

Copper prices gained momentum in February, buoyed by progress in U.S.–China trade talks and a stable dollar. On 8 March, the red metal closed the day at USD 6,423 per metric ton, which was up 3.8% from the same day last month. In addition, the price of copper was 8.0% higher on a year-to-date basis and was down 5.5% from the same day in 2018. After January’s mixed performance, copper prices jumped in the middle of February, after Donald Trump suspended a tariff hike on USD 200 billion of Chinese imports planned for 1 March. China’s stock markets rallied on the news, buttressing demand for the red metal. In addition, the weakening of the dollar, which followed the pause in the Fed’s tightening cycle, further stoked prices in February.

Copper Price History Data (USD per metric ton, aop)

2013  2014  2015  2016  2017  2018  
Copper7330.44  6863.26  5508.57  4871.3  6171.78  6527.31  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Copper Historical Price Chart


Copper historical price chart
Note: Copper prices in USD per metric ton (mt). Daily prices.

Sample Report

Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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