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Copper price today
Metals · USD per pound · HG=F futures.
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About copper
Copper is the bellwether of global industry, used in power grids, buildings, electronics and electric vehicles. Chinese demand sets the tone, while supply depends on a few large mines in Chile, Peru and the Democratic Republic of Congo, where strikes, water shortages and politics often interrupt output.
What moves the price
- Chinese demand: China consumes about half of the world's copper, so its property and grid spending matter most.
- Energy transition: Grids, EVs and renewables need far more copper than the systems they replace.
- Mine disruptions: Strikes and outages in Chile and Peru tighten supply quickly.
Related
Shipping chokepoints: Strait of Malacca, Panama Canal.
Country risk: China, United States.
FAQ
Why is copper called Dr. Copper?
Because it is used across construction, power and manufacturing, its price is read as a gauge of the global economy: rising copper usually signals stronger industrial demand.
How does China affect copper prices?
China uses about half of the world's refined copper. Changes in its property market, grid investment or stimulus policy move prices more than any other single factor.