Copper futures rose 1% to around $4.63 per pound on Friday, recouping some losses from earlier in the week amid signs of improving US-China trade relations. China signalled openness to engage in trade talks with the US, with a spokesperson for China’s Commerce Ministry saying that US officials reached out multiple times through relevant channels to start tariff negotiations. Earlier this week, US President Donald Trump also hinted at potential trade agreements with India, Japan and South Korea, while expressing confidence in reaching a deal with China. Despite Friday’s recovery, copper remained down over 3% for the week, pressured by a string of weak U.S. economic data that fueled recession concerns. Moreover, lackluster manufacturing activity in China and other major economies continued to weigh on the demand outlook for industrial metals.
Copper increased 0.67 USd/LB or 16.76% 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 May 3 of 2025.
Copper increased 0.67 USd/LB or 16.76% 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 4.95 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 5.31 in 12 months time.