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MONTHLY · FRED · IMF

Copper

13.54K $/mt -0.07% day

The world price of refined copper, quoted per tonne. It is the metal that carries current, so demand for it rises with every kilometre of transmission line, every substation and every motor built.

Jul 2026 · 13,542.820870 $/mt · +46.3% vs the window’s open

FRED · IMF · monthly
the numbers23
whenvaluechange
Sep 20249,259.128571 $/mt
Oct 20249,533.991304 $/mt+3.0%
Nov 20249,075.727143 $/mt−4.8%
Dec 2024low8,909.907727 $/mt−1.8%
Jan 20258,976.680435 $/mt+0.7%
Feb 20259,330.975000 $/mt+3.9%
Mar 20259,735.823333 $/mt+4.3%
Apr 20259,172.695909 $/mt−5.8%
May 20259,531.200909 $/mt+3.9%
Jun 20259,835.068095 $/mt+3.2%
Jul 20259,770.580435 $/mt−0.7%
Aug 20259,671.875714 $/mt−1.0%
Sep 20259,994.773182 $/mt+3.3%
Oct 202510,739.918261 $/mt+7.5%
Nov 202510,812.028000 $/mt+0.7%
Dec 202511,790.964091 $/mt+9.1%
Jan 202612,986.606818 $/mt+10.1%
Feb 202612,951.345000 $/mt−0.3%
Mar 202612,528.709545 $/mt−3.3%
Apr 202612,890.687727 $/mt+2.9%
May 202613,512.156190 $/mt+4.8%
Jun 2026high13,552.040909 $/mt+0.3%
Jul 2026latest13,542.820870 $/mt−0.1%

Lately

The window's copper story is grid buildout and grid attack rather than mining supply: the White House barred foreign-made grid parts on maintenance grounds, Germany found homemade explosives at two substations and later along power lines in Saxony, and a Raleigh firm brought out a solid-state rival to the transformer. None of that fixes the price shown here.

  1. White House Bans Grid Parts
  2. Germany Probes Grid Sabotage
  3. Germany Finds Grid Explosives
  4. AI Demand Reinvents Transformer

Mentioned in · 1

  1. AI Demand Reinvents Transformer Ars Technica