Copper futures pared losses to trade around $4.84 per pound, the lowest in three weeks, after the White House confirmed that Trump’s new tariffs do not apply to copper, gold, energy, and certain minerals unavailable in the U.S. Earlier, copper had fallen over 4% after Trump announced broad import tariffs, including 54% on China, 20% on the EU, 24% on Japan, and 26% on India. The U.S. also enforced a 25% duty on imported vehicles, adding to trade concerns. Trump had already imposed 25% tariffs on steel and aluminum from Canada, Mexico, and the EU in March. Investors are now closely watching for potential U.S. tariffs on copper, as reports suggest Trump may introduce them within weeks, much sooner than expected.

Copper increased 0.83 USd/LB or 20.96% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Copper reached an all time high of 168.72 in March of 2025. Copper - data, forecasts, historical chart - was last updated on April 3 of 2025.

Copper increased 0.83 USd/LB or 20.96% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Copper is expected to trade at 5.29 USd/LB by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 5.50 in 12 months time.




Price Day Month Year Date
Gold 3,109.31 -53.32 -1.69% 6.69% 35.81% Apr/03
Silver 31.95 -1.823 -5.40% 0.11% 19.15% Apr/03
Copper 4.82 -0.0765 -1.56% 6.04% 14.46% Apr/03
Steel 3,175.00 -7.00 -0.22% -3.26% -5.45% Apr/03
Lithium 73,900.00 -200 -0.27% -1.40% -32.51% Apr/03
Platinum 941.80 -34.10 -3.49% -2.40% 1.76% Apr/03
Iron Ore 104.25 2.04 2.00% 3.41% 3.82% Apr/02



Related Last Previous Unit Reference
Chile Copper Production 426.90 566.70 Thousands of Tonnes Jan 2025
Peru Copper Production 262452.00 241883.00 Tonnes Dec 2024


Copper
Copper futures are widely traded on the London Metal Exchange (LME), at the COMEX and on the Multi-Commodity Exchange in India. The standard contract is 25,000 lbs. Copper is the third most widely used metal in the world. Chile accounts for over one third of world's copper mining followed by Democratic Republic of the Congo, Peru, China, United States, Australia, Indonesia, Zambia, Canada and Poland. The biggest importers of copper are China, Japan, India, South Korea and Germany. Copper market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our copper market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
4.81 4.90 168.72 0.60 1988 - 2025 USd/LB Daily