Copper

Learn more about copper and view copper price charts

Copper is one of the most commonly used of the base metals, and when in high demand, copper is a reliable indicator of our economic health. But its importance isn’t confined to electrical wires and thermal conductors.

Copper also plays a vital role in the rise of renewable energies and the production of electric vehicles, helping us transition to a low-carbon economy.

Our team of experts provides global and local data-driven insights, prices, forecasts and market news to help you make sense of the forces influencing the copper market. Our expert analysis provides critical insights to help you predict future trends for win-win outcomes in your contract negotiations.
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Inform your base metals strategy with metals price forecasts and analysis for the global base metals industry

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Market-reflective copper price data spanning the copper supply chain, from copper concentrates and copper wire to copper scrap

Find out how we assess and forecast prices for the global metals market

Featured report

What’s ahead in the copper market? 

As copper prices reach record highs and analysts warn of ‘unsustainable deficits’, we explore the key trends shaping the copper market:

  • How copper demand growth is being spurred by the energy transition
  • Copper production forecasts and the struggle to keep up with demand
  • Copper recycling and predictions for the future
  • Data on forecast copper deficit
  • The emerging challenges for copper smelters
  • Whether current copper trends can be sustained

Acess the full report here

What’s happening in the copper market?

Within the last few weeks, ETF Securities, one of the principal sponsors of exchange-traded funds, has been admitted as a non-member account holder in LMEsword, the warrant depositary system

In MB’s latest poll on future copper prices, 55% of respondents forecast that three-month copper on the London Metal Exchange will be above $8,000 per tonne by the end of this month. But even as traders on the LME talked of the upward momentum in base metals, copper prices have plunged twice in recent days. Prices fell sharply on Tuesday and again on Thursday, when moves on the Shanghai Futures Exchange were so sharp and sudden that they took traders in Asia aback. To them, for a short time, it looked like the flash crash that galvanized US equity dealers earlier this year.

There’s an entertaining spat going on between two of Russia’s premier resource companies: Norilsk Nickel and United Co Rusal

China has taken what appears to be a harder line in its drive to force older smelters and furnaces out of the market: blacklisting, and sanctions.

The more I look at the current state of the metal markets, the more convinced I am that Alice’s fall down the rabbit hole, journey through the looking glass and afternoon tea with the Hatter and March Hare were, in comparison, more rational

I return again to the subject of electronic and algorithmic trading. Let me start by saying I have no interest in turning the clock back, nor am I indulging in rose-tinted hindsight

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