Live Copper Prices Today

There’s no better barometer of economic health than “Dr. Copper”. Copper is a versatile metal used everywhere from electrical wiring, transportation, construction, and telecommunications. The high volatility and liquidity of copper makes it an attractive commodity for traders and speculators.

Copper Price Chart

Copper futures are traded on commodity exchanges. These contracts obligate the buyer to purchase and the seller to sell a specific amount of copper at a predetermined price on a future date. Each copper futures contract specifies details such as the weight of copper (usually measured in metric tons or pounds), the purity of the copper, and the terms of delivery.

Copper Futures Price Chart

Copper is traded on several commodity exchanges around the world, including the London Metal Exchange (LME), the New York Mercantile Exchange (NYMEX), and Comex (Commodity Exchange Inc).

The price of copper is affected by various factors:

• Economic Growth: Copper is used extensively in the construction and manufacturing industries, so its demand is tied to the overall economic health of a nation.
• Production and Extraction: Copper must be extracted from mines, and the process of mining, crushing, grinding, and smelting is affected by technological advancements.
• Supply Disruptions: Copper production is susceptible to disruptions due to political instability, strikes, natural disasters, and other failures. Major copper-producing countries like Chile, Peru, and China are very susceptible to such incidents.
• Environmental and Regulatory Policies: Governmental regulations that affect mining and safeguard the environment can greatly influence copper production costs and supply.
• Electric Vehicles: EVs need a substantial amount of copper, and EV demand directly correlates with copper demand.