Copper ($COPPER) Commodity Forecast: Up 5.1% Today

What is Copper?

Copper, a widely used industrial metal, experienced a strong bullish movement today in the market.

Why is Copper going up?

COPPER commodity is up 5.1% on Jan 5, 2026 23:00

• 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.

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Copper Hits All-time High

Copper increased to an all-time high of 5.94 USD/Lbs. Over the past 4 weeks, Copper gained 10.94%, and in the last 12 months, it increased 44.22%.

Copper Marches Toward Record Highs

Copper futures rose above $5.8 per pound on Monday, moving closer to the record levels reached in July last year as tightening global supply conditions continued to support prices into the new year. Concerns over potential US tariffs have prompted traders to redirect shipments into the US, tightening availability at major trading hubs such as London and Shanghai. Prices were further supported by supply disruptions following the start of a strike at Chile’s Mantoverde mine, where union members are seeking a larger share of profits amid surging metal prices. Meanwhile, traders also assessed the impact of the US attack on Venezuela that resulted in the arrest of President Nicolas Maduro, although Venezuela is not a significant player in the global copper market. Last year, copper gained more than 40%, marking its strongest annual performance since 2009, driven by supply shortfalls, robust demand, and heightened trade-related concerns.

Copper Holds Surge Near Record High

Copper futures int he US were near $5.7 per pound after gaining 41% last year, not far from the record-high of $5.8 tested through late December as traders resumed drawing metal to the US ahead of growing supply risks. Copper output has been pressured by halted operations in Freeport-McMoRan's Grasberg mine in Indonesia, responsible for 3% of global supply, following a fatal incident. This magnified risks to supply from Chile and Peru due to workers' protests against extractors. The uncertainty coincided with fresh threats of tariffs on copper commodity forms by US President Trump, which were initially left out of levies this year, and drove copper to flow into US warehouses from major trading hubs in London and Shanghai. Meanwhile, demand remained supported by its broad usage in electrification technologies that have been pledged by governments in their pivot away from fossil fuels. Growth in data center and AI infrastructure capital expenditure is also set to underpin copper buying.

Copper Retreats Amid Year-End Profit-Taking

Copper futures fell more than 1% to around $5.7 per pound in the final session of the year, as investors participated in year-end profit taking following a strong rally. Despite the pullback, copper is on track to post its largest annual gain since 2009, emerging as the top-performing base metal. The metal has benefited from supply constraints and robust demand driven by the energy transition and expanding infrastructure for artificial intelligence and data centres. On the London Metal Exchange, benchmark three-month copper slipped slightly to $12,538 per metric ton but is set to finish the year with a gain exceeding 43%. Mine disruptions, including the temporary closure of Freeport’s Grasberg mine in Indonesia, further supported the rally, helping copper breach several key price milestones throughout the year.

Copper Rebounds Toward Record High

Copper futures in the US rose past $5.6 per pound, not far from the record high of $5.8 tested on December 26th, set to gain 45% this year as traders resumed drawing metal to the US ahead of growing supply risks. Copper output has been pressured by halted operations in Freeport-McMoRan's Grasberg mine in Indonesia, responsible for 3% of global supply, following a fatal incident. This magnified risks to supply from Chile and Peru due to workers' protests against extractors. The uncertainty coincided with fresh threats of tariffs on copper commodity forms by US President Trump, which were initially left out of levies this year, and drove copper to flow into US warehouses from major trading hubs in London and Shanghai. Meanwhile, demand remained supported by its broad usage in electrification technologies that have been pledged by governments in their pivot away from fossil fuels. Growth in data center and AI infrastructure capital expenditure is also set to underpin copper buying.

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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.

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.

24.08.2025 - COPPER Commodity was up 1.4%

• Copper prices surged today as supply concerns loomed over the market, with challenges faced by a major copper mining company in Chile following a tunnel collapse.
• Despite setbacks at the Chilean company and disruptions at another mining company, recent production data indicated resilience in the industry, with increased output reported by the companies.
• Expectations of tighter supply in the near future supported copper futures, demonstrating the market's sensitivity to supply disruptions and production challenges.
• The uptrend in copper prices today reflects investors' attention to supply dynamics and their potential impact on future prices, emphasizing the need to monitor production updates and supply chain risks in the copper market.

31.06.2025 - COPPER Commodity was down 21.9%

• Copper futures plunged due to a recent decision to exclude refined copper from new tariffs applied by a prominent figure, leading to a significant decline in prices.
• Traders reacted by accelerating shipments to the US in anticipation of broader tariffs, resulting in a shift in copper flows and reduced demand.
• The exclusion of raw forms of copper like ore and concentrates from tariffs also influenced the market reaction, impacting sentiment adversely.
• Following this development, Copper hit an 8-week low, with prices dropping substantially by 20%, underlining the notable effect of the tariff exemption on the commodity's value.

10.09.2025 - COPPER Commodity was down 5.9%

• Today's decline in copper prices is linked to President Trump's considerations of imposing higher tariffs on Chinese imports, sparking fears of an escalation in the US-China trade conflict.
• Supply disruptions in major copper-producing nations such as Chile and Indonesia, stemming from accidents and operational difficulties, are contributing to the downward pressure on copper prices.
• Market participants engaging in profit-taking activities have been noted, potentially exacerbating the selling momentum in copper futures, despite ongoing supply constraints.
• The current bearish trend in copper prices reflects the intricate interplay of trade tensions, supply interruptions, and profit-taking behaviors, underscoring the commodity market's susceptibility to geopolitical and operational upheavals.

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.

25.08.2025 - COPPER Commodity was up 5.0%

• Today's rise in copper prices is mainly driven by concerns over supply disruptions at notable mines like Freeport-McMoRan's Grasberg mine in Indonesia and Hudbay Minerals' Constancia mine in Peru.
• Freeport-McMoRan's enforcement of force majeure due to a tragic incident and subsequent production reduction has amplified the market's alertness to possible supply interruptions, pushing prices upwards.
• Challenges persist at Codelco's El Teniente operation in Chile and disruptions at Teck Resources, which have added pressure to the supply situation, sustaining copper prices at levels seen over the last two months.
• Despite obstacles faced, recent production statistics from key industry players like Codelco and BHP's Escondida mine suggest a level of resilience in dealing with operational issues, indicating a delicate equilibrium between supply constraints and demand dynamics in the copper market.

25.08.2025 - COPPER Commodity was up 5.2%

• Today's positive trend in copper prices originated from supply worries within the market, notably stemming from disruptions at major mines:
• Freeport-McMoRan's imposition of force majeure on production at its Grasberg mine in Indonesia due to an unfortunate incident highlighted the market's susceptibility to supply disruptions.
• Operations suspension at Hudbay Minerals' Constancia mine in Peru amid protests further exacerbated the supply limitations.
• These disruptions, particularly at Grasberg, a significant source of global copper supply, sparked concerns of a potential shortage, leading to price escalations.
• The market's response emphasizes the critical significance of monitoring geopolitical events and operational risks in key mining areas to assess potential implications on commodity prices.

10.09.2025 - COPPER Commodity was down 2.3%

• Despite recent supply disruptions in major copper-producing countries like Chile and Indonesia, copper prices experienced a bearish movement today, possibly due to profit-taking by investors.
• The ongoing supply concerns, including mine disruptions and reduced production forecasts by key players, have been supporting copper prices in recent days.
• The uncertainty surrounding the timeline for full production recovery at the Grasberg mine in Indonesia and the El Teniente site in Chile may have contributed to the market's bearish sentiment today.
• Broader market factors, such as expectations for Federal Reserve rate cuts and their impact on industrial metal demand, could also be influencing the fluctuation in copper prices despite the supply-side disruptions.