Copper ($COPPER) Commodity Forecast: Down 5.0% Today

What is Copper?

Copper, a vital industrial metal, saw a significant decline in the market today. It is a widely used metal in various industries and often serves as an indicator of global economic well-being.

Why is Copper going down?

COPPER commodity is down 5.0% on Feb 13, 2026 11:55

• Copper prices fell by 2.03% to $5.8445 per pound, showcasing the ongoing volatility in the metal market.
• Reduced demand in China before the Lunar New Year holidays, where it is the largest consumer of copper, contributed to the downward trend.
• Despite market challenges, supply disruptions and strong global demand from the energy transition and AI-driven data centers are bolstering prices.
• The future direction of copper prices may be impacted by the forthcoming US inflation report and expectations surrounding Federal Reserve policy.

COPPER Price Chart

COPPER Technical Analysis

COPPER News

Copper Remains Volatile

Copper climbed back above $5.8 per pound on Friday after losing 3% in the previous session, as investors continued to grapple with heightened volatility in metals and broader financial markets. Thursday’s decline lacked a clear catalyst, though simultaneous losses in equities and cryptocurrencies point to forced liquidations, likely amplified by algorithmic trading. Attention is now turning to the upcoming US inflation report, which could shape expectations for Federal Reserve policy. Copper also faces pressure from anticipated weaker near-term demand in China, the world’s largest consumer, as economic activity slows ahead of the Lunar New Year holidays. Nonetheless, ongoing supply disruptions and robust global demand, driven by the energy transition and continued expansion of AI-powered data centers, continue to underpin prices.

Copper is down by 2.03%

Copper decreased 2.03% to 5.8445 USD/Lbs

Copper Steadies as Lunar New Year Nears

Copper futures held above $5.90 per pound on Wednesday, maintaining recent gains despite expectations of weaker near-term demand as economic activity in China, the world’s top consumer, slows ahead of the Lunar New Year holidays. Support came from ongoing supply disruptions and robust global demand, driven by the energy transition and continued expansion of AI-driven data centers. The China Nonferrous Metals Industry Association projects refined copper output to rise about 5% in 2026, roughly half the growth seen in 2025. Meanwhile, Goldman Sachs estimates the copper market faced a surplus of 600,000 tons last year, though prices still reached record highs earlier in 2026. On the macroeconomic front, copper benefited from a softer dollar after disappointing US economic data reinforced expectations for Federal Reserve interest rate cuts.

Copper Slips as China Demand Softens

Copper futures fell to around $5.9 per pound on Tuesday, pausing a two-day rebound amid signs of slowing demand in top consumer China ahead of the Lunar New Year holidays. Industrial activity in China slowed as manufacturers paused operations, while overall economic momentum softened. On the supply side, major mines continued to face challenges from power outages, prompting conservative production guidance. The China Nonferrous Metals Industry Association expects refined copper output to rise about 5% in 2026, roughly half the growth seen in 2025. Still, prices remain supported by strong global demand driven by the energy transition and ongoing AI-driven data-center expansion. A weaker dollar, pressured by concerns over declining foreign demand for dollar-denominated assets, also provided additional support.

Copper Steadies After Volatile Week

Copper held near $5.90 per pound on Monday following a week of extreme volatility, as investors balanced persistent supply tightness against signs of weakening demand in top consumer China. Industrial demand in China slowed as manufacturers paused operations ahead of the extended Lunar New Year holidays. Nonetheless, robust global demand driven by the energy transition and data-center expansion continued to support the market. On the supply side, major mines faced ongoing challenges from power outages, prompting conservative production guidance. The China Nonferrous Metals Industry Association projected refined copper output to rise about 5% in 2026, roughly half the growth recorded in 2025. Meanwhile, US Treasury Secretary Scott Bessent attributed last week’s sharp swings in the metals market to Chinese traders, describing the recent rally as a speculative blowoff.

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Copper Price History

28.10.2025 - COPPER Commodity was up 5.0%

• Copper futures surged to a 4-month high above $5.1 per pound due to multiple mine disruptions from major producers, including a fatal incident at a mine in Indonesia, leading to supply constraints.
• Chilean producer Codelco offering record-high prices to Chinese buyers signaled a potential shift towards prioritizing US consumers, reinforcing the bullish outlook for copper in the long term.
• Expectations of the US Federal Reserve lowering borrowing costs again this year added to the positive sentiment, supporting domestic manufacturers and dollar-priced commodities, including copper.
• The upcoming industry meeting in China, where miners are expected to push for tougher supply terms for 2026, also contributed to the bullish momentum in copper prices.

28.10.2025 - COPPER Commodity was up 4.5%

• Copper futures saw a notable increase, reaching a four-week peak following a strategic move by Chilean company Codelco to propose premium prices for Chinese purchasers, indicating a potential shift towards favoring US buyers. This development, combined with expectations of a more aggressive approach to monetary policy by the US Federal Reserve, contributed to the bullish atmosphere in the copper market.
• Anticipation surrounding an upcoming significant industry gathering in China, where discussions on stricter supply agreements for 2026 are anticipated, prompted investors to take strategic positions. The outlook of tightening supply conditions, along with renewed positivity regarding possible interest rate adjustments, further boosted copper prices.
• Support for copper prices was reinforced by cautious statements from a senior US Federal Reserve official, as well as indications of supply constraints such as Codelco's proposal of a record premium for metal destined for South Korea. Favorable market dynamics were also influenced by the restart of operations at Indonesia's Grasberg mine and a decrease in copper cathode imports in China.

05.00.2026 - COPPER Commodity was up 5.0%

• Copper prices rose to near all-time highs due to global supply limitations and strong demand.
• Concerns about potential US tariffs and supply disruptions in major copper-producing countries contributed to the upward price trend.
• The metal's impressive performance was driven by its importance in electrification technologies and infrastructure development for artificial intelligence, highlighting the shift towards cleaner energy sources.
• Despite some profit-taking in recent times, copper is set to achieve its largest annual gain since 2009, demonstrating its resilience and appeal to investors in a changing market environment.

05.00.2026 - COPPER Commodity was up 5.1%

• Copper surged to an all-time high of $5.94 per pound, marking a significant increase over the past year.
• Tightening global supply conditions, including disruptions in major mines like Mantoverde in Chile and Grasberg in Indonesia, have supported the price rally.
• Traders redirected shipments to the US amid concerns over potential tariffs and supply risks, further driving up prices.
• The metal's demand remains robust due to its extensive use in electrification technologies and infrastructure development, contributing to its impressive performance in the market.

30.00.2026 - COPPER Commodity was down 6.1%

• Copper futures observed a notable downward trend, declining by over 3% to approximately $6 per pound. This shift followed a recent price surge, driving the metal to historic highs due to multiple factors like heightened demand for tangible assets, geopolitical uncertainties, and a weakening dollar.
• The decline in copper prices can be understood as investors seizing profits subsequent to the significant upsurge in metal prices. The retreat in the metals market, encompassing copper, gold, and silver, was influenced by a modest dollar recovery and a reassessment of the fundamental rationale behind the recent speculative surge.
• Investor sentiment towards copper altered as they searched for tangible assets amidst economic ambiguity and apprehensions regarding the dollar's stability. Persistent tariff tensions initiated by US President Donald Trump additionally contributed to the fluctuating metal prices, showcasing the ongoing influence of geopolitical events on commodity markets.

03.01.2026 - COPPER Commodity was up 5.1%

• Copper surpassed $5.85 per pound today, rebounding strongly from recent losses.
• The market movement is due to the calming of volatility in the metals market, as Chinese manufacturers start restocking before the Lunar New Year holiday.
• Expectations of increased demand from global renewable energy projects and AI data centers, along with supply risks from underinvestment in new mining projects, are providing long-term support for copper prices.
• The recent bearish trend in copper prices, which saw a 2% decrease and hit a 4-week low, was influenced by profit-taking following a speculative rally, reassessment of market fundamentals, and the nomination of a hawkish Fed chair candidate.

13.01.2026 - COPPER Commodity was down 5.0%

• Copper prices fell by 2.03% to $5.8445 per pound, showcasing the ongoing volatility in the metal market.
• Reduced demand in China before the Lunar New Year holidays, where it is the largest consumer of copper, contributed to the downward trend.
• Despite market challenges, supply disruptions and strong global demand from the energy transition and AI-driven data centers are bolstering prices.
• The future direction of copper prices may be impacted by the forthcoming US inflation report and expectations surrounding Federal Reserve policy.

25.10.2025 - COPPER Commodity was down 0.3%

• Copper prices fell sharply as signs of soft demand in China, particularly in the property sector and power grid spending, weighed on the market sentiment.
• Expectations that the US Federal Reserve may not cut interest rates in December also contributed to the bearish trend, with recent signals of cautious policy adjustments amid economic uncertainty.
• The ongoing supply concerns supported copper prices previously, but the market sentiment turned bearish today due to the combination of weak demand indicators and Fed's cautious stance on rate cuts.
• Despite previous support from tightening supply and supply disruptions such as the incidents at the Grasberg mine in Indonesia and the copper mine collapse in Congo, the market sentiment shifted towards a bearish outlook today.

29.00.2026 - COPPER Commodity was up 8.1%

• Copper prices surged to all-time highs due to rising demand for real assets amidst geopolitical and trade uncertainties, and a weakening dollar.
• US President Trump's threats against Iran and other nations, along with a declining dollar, fueled the flight to metals like copper.
• The metal is also supported by supply tightness, robust industrial demand driven by renewable energy and artificial intelligence, and growing retail investor interest.
• Despite signs of softening demand in China and rising global inventories, the overall bullish trend in copper prices is sustained by these factors.

29.00.2026 - COPPER Commodity was up 5.1%

• Copper surged to all-time highs above $6.2 per pound driven by rising demand for real assets amidst geopolitical and trade uncertainties, alongside a weakening dollar.
• Recurring tariff threats by governmental figures, coupled with supply tightness and robust industrial demand from renewable energy and AI sectors, further fueled the rally in copper prices.
• Despite recent drops due to rising inventories in a significant market, copper continues to benefit from a weaker currency, growing retail investor interest, and structural demand tied to renewable energy and electrification.
• The market's bullish sentiment towards copper is also supported by insufficient supply following decades of underinvestment in new mining projects, as well as increasing investment in specific infrastructure projects.

06.01.2026 - COPPER Commodity was down 5.2%

• There was a bearish movement in copper due to rising supplies in China and increasing inventories at major trading hubs, which resulted in downward pressure on prices.
• The decline in copper prices was influenced by a slowdown in purchases from Chinese fabricators and manufacturers, along with a broad metals selloff.
• Market sentiment changed as investors noted soft physical demand and ample supply of copper, leading to a sharp reversal from the recent speculative rally.
• Despite recent losses, copper is supported by expectations of increased long-term demand from global renewable energy projects and AI data centers, as well as ongoing supply risks due to underinvestment in new mining projects.

12.11.2025 - COPPER Commodity was down 2.3%

• Despite hitting multi-month highs recently, Copper faced a bearish movement today as investors weighed demand uncertainties from China, the top consumer of the metal.
• The slip in Copper prices can be attributed to concerns over potential US tariffs on refined copper next year, leading to a cautious approach by investors.
• Supply disruptions in major producing countries like Chile and Peru, coupled with fears of a supply squeeze in the London market, have added volatility to Copper prices.
• The ongoing balancing act between stimulus measures and financial risk management by global economic leaders has also contributed to the fluctuating prices of Copper in the market.