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MONTHLY · IMF

Copper

14.47K $/mt +0.99% month

The price of a tonne of refined copper, the metal in every wire, motor and transformer. Demand follows construction and electrification, and supply rests on a handful of mines in Chile, Peru and the Congo.

Sep 2026 · 14,473.055909 $/mt · +51.8% vs the window’s open

IMF · monthly
the numbers24
whenvaluechange
Oct 20249,533.991304 $/mt
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 202613,552.040909 $/mt+0.3%
Jul 202613,542.820870 $/mt−0.1%
Aug 202614,331.264762 $/mt+5.8%
Sep 2026latest14,473.055909 $/mt+1.0%

Lately

Everything reported this fortnight postdates the latest reading: two unions struck Antofagasta's Centinela mine in Chile and reached a preliminary deal, International Resources Holding paid $620 million for 51% of Mopani in Zambia, and Mercuria advanced $250 million against Congolese copper. None of it accounts for the climb on the chart.

  1. Centinela Copper Strike Ends
  2. Zambia, Abu Dhabi Patch Mopani Dispute
  3. Traders Become Copper Banks

Mentioned in · 6

  1. Centinela Copper Strike Ends Reuters
  2. Zambia, Abu Dhabi Patch Mopani Dispute semafor.com
  3. Traders Become Copper Banks Bloomberg Business
  4. Giraffe Bio Targets Copper Shortfall TechCrunch
  5. Bacterium Breaks Down Dye Nature
  6. China Scrap Trade Booms TMTPost