Copper rate today

Period High Change from Last Low Change from Last Average Change from Last 5 Days 3.8960 -0.0100 3.7505 +0.1355 3.8200 +0.0660 1 Month 3.8960 -0.0100 3.5620 +0.3240 3.7226 +0.1634 3 Month 4.1955 -0.3095 3.5620 +0.3240 3.8847 +0.0013 6 Month 4.2870 -0.4010 3.5620 +0.3240 3.9585 -0.0725 1 Year 4.2870 -0.4010 3.1315 +0.7545 3.7662 +0.1198

However, analysts believe the price of copper is likely to get a boost with demand on the rise for it, prompting the question – is this a good opportunity for investors to buy the dip? Copper key in energy transition Vincent Boy, a technical analyst at IG, said in a dailyfx note that while the price of copper may be low now, it has a bright future given its role in the energy transition. “The red metal is used in many industries, such as real estate, telecoms, and even increasingly in activities related to the energy transition. In fact, apart from wind turbines, which require a lot of copper, it takes 4 to 8 times more copper to build an electric car than for a combustion car. “This suggests a bright future for copper over the next few decades, as demand is expected to soar,” he added. Copper link to Chinese growth However, Robert Farago, head of asset allocation at Hargreaves Lansdown, told Yahoo Finance that the demand for copper over the last two decades has been linked to strong Chinese growth, which he said is expected to slow significantly over the next decade. “Construction is a significant portion of that demand and is also set to fall as a percentage of that growth. On the plus side, the shift from oil and gas to renewable energy sources will be a metal-intensive process, which should boost demand over the coming decade.” Farago also noted how the last decade has seen a significant decline in major discoveries of copper. “'Dr Copper' is seen as a le...

Copper futures rose toward $3.9 per pound in June, the highest in over one month amid a softer dollar, mounting supply concerns, and hopes of a pickup in demand. Major market players continued to flag worries that copper supply may not keep up with expectations of strong long-term demand, since the metal is a critical raw material for the transition to renewable resources. In the near term, weak macroeconomic data from China continued to underpin bets that the government will roll out stimulus measures to support the country’s industrial sector. Additionally, the PBoC cut short-term borrowing costs to improve property developers’ liquidity. On the supply side, copper inventories at the London Metals Exchange were under 72 thousand tonnes in June, the lowest in one month. Also, Chile said this year's output is estimated to sink as much as 7% after the 10.6% decline in 2022. Price Day Month Year Date 1,954.97 -2.68 -0.14% -1.35% 6.29% Jun/16 24.01 0.155 0.65% 1.20% 10.90% Jun/16 3.88 -0.0179 -0.46% 3.56% -3.63% Jun/16 3,783.00 1.00 0.03% 2.60% -16.89% Jun/16 116.50 2.00 1.75% 8.88% -11.41% Jun/15 312,500.00 0 0% 31.58% -34.56% Jun/16 982.25 -3.25 -0.33% -8.09% 5.34% Jun/16 Copper futures are widely traded on the London Metal Exchange (LME), at the COMEX and on the Multi-Commodity Exchange in India. The standard contract is 25,000 lbs. Copper is the third most widely used metal in the world. Chile accounts for over one third of world's copper production followed by Peru, Demo...

Copper Scrap Materials Commodity North America East Coast Midwest West Coast 0.32 ( -0.01) 0.32 ( -0.01) 0.31 ( -0.01) 0.32 ( -0.01) 3.78 ( -0.12) 3.78 ( -0.12) 3.69 ( -0.12) 3.79 ( -0.12) 3.68 ( -0.12) 3.68 ( -0.12) 3.59 ( -0.12) 3.69 ( -0.12) 1.50 ( -0.02) 1.50 ( -0.02) 1.49 ( -0.02) 1.51 ( -0.02) 3.58 ( -0.12) 3.58 ( -0.12) 3.49 ( -0.12) 3.59 ( -0.12) 1.34 ( -0.02) 1.34 ( -0.02) 1.32 ( -0.02) 1.35 ( -0.02) 3.48 ( -0.12) 3.48 ( -0.12) 3.39 ( -0.12) 3.49 ( -0.12) 2.22 ( -0.04) 2.22 ( -0.04) 2.21 ( -0.04) 2.23 ( -0.04) 0.37 ( -0.01) 0.37 ( -0.01) 0.36 ( -0.01) 0.38 ( -0.01) 0.64 ( -0.01) 0.64 ( -0.01) 0.63 ( -0.01) 0.65 ( -0.01) 0.55 ( -0.01) 0.55 ( -0.01) 0.54 ( -0.01) 0.56 ( -0.01) 1.74 ( -0.03) 1.74 ( -0.03) 1.72 ( -0.03) 1.76 ( -0.03) 1.58 ( -0.03) 1.58 ( -0.03) 1.56 ( -0.03) 1.58 ( -0.03) 1.25 ( -0.02) 1.25 ( -0.02) 1.24 ( -0.02) 1.26 ( -0.02) 1.68 ( -0.02) 1.68 ( -0.02) 1.67 ( -0.02) 1.69 ( -0.02) 1.46 ( -0.02) 1.46 ( -0.02) 1.45 ( -0.02) 1.47 ( -0.02) 0.35 ( -0.01) 0.35 ( -0.01) 0.34 ( -0.01) 0.35 ( -0.01) 0.30 ( -0.01) 0.30 ( -0.01) 0.29 ( -0.01) 0.30 ( -0.01) 0.31 ( -0.01) 0.31 ( -0.01) 0.30 ( -0.01) 0.31 ( -0.01) 0.20 ( 0) 0.20 ( 0) 0.19 ( 0) 0.20 ( 0)

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Metal Spot Price Charts Copper Price Chart (USD / Kilogram) for the Last 10 years Use this form to dynamically generate charts that show metal prices in the units of your choice and for the specified date range (if available). Simply select a metal and a unit to display the price. Lastly choose the number of days to show in your chart. Charts and rate are based on our daily price updates. For market traded base metals and industrial metals, pricing is set by the market participants, but precious metal prices including gold, silver, platinum and palladium are set or "fixed" several times each day by "market makers". This process is not without controversy and many market participants have argued that market makers - primarily large banks - benefit from inside information. While the price of physical metal products is often strongly correlated to the market value, retail buyers and sellers should not expect to benefit fully from the current market price. For bullion products dealer margins, storage and shipping can add to costs. Items manufactured from base metals will also have associated production costs and margins. Metal Price Date Updated $1.0219 lb 06/15 Jun 15, 2023 $13.392 lb 06/14 Jun 14, 2023 $3.8856 lb 06/15 Jun 15, 2023 $231.10 kg 06/14 Jun 14, 2023 $1934.65 oz 06/15 Jun 15, 2023 $218.53 kg 06/14 Jun 14, 2023 $4600.00 oz 06/15 Jun 15, 2023 $112.93 mt 06/15 Jun 15, 2023 $0.9743 lb 06/14 Jun 14, 2023 $43.637 kg 06/15 Jun 15, 2023 $23.532 lb 06/14 Jun 14, 2023 $2.69...