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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    • No1 copper material, RCu-2A,1B (candy/berry), cif China, LME/Comex discount, US cents per lb
    • Copper rod premium, ddp Midwest US, US cents/lb
    • Copper grade A cathode premium, cif Rotterdam, $/tonne
    • Copper grade A cathode premium, delivered Germany, $/tonne
    • Copper concentrates TC index, cif Asia Pacific, $/tonne

    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?

    The copper concentrates benchmark faces historic uncertainty as market participants gather for LME Week 2025, with potential for negative treatment and refining charges and growing regional divergence shaping the next phase of copper pricing.

    LME Week 2025 arrives amid supply disruptions, evolving carbon policies and tariff tensions that continue to reshape the copper, aluminium and zinc markets.

    Teck Resources has again reduced its copper output forecasts through 2028 as production challenges persist at its Quebrada Blanca mine in Chile, reflecting a broader slowdown across the global copper industry. The company’s revised targets underline tightening supply conditions for the red metal.

    Abu Dhabi’s IRH Trading is accelerating its copper trading expansion, targeting 1 million tonnes per year by 2030. Backed by strategic mining assets in Africa and sovereign capital, the company aims to strengthen its global presence in metals trading while fostering long-term partnerships.

    Vitol is expanding its presence in copper trading with senior hires and a cautious, long-term strategy. The move highlights the growing role of metals in energy traders’ portfolios as markets shift post-Ukraine conflict.

    Freeport-McMoRan has declared force majeure at its Grasberg mine in Indonesia following a fatal incident, with copper and gold output expected to fall 35% in 2026. The company projects a gradual recovery, with operations potentially returning to pre-incident levels in 2027.

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