Copper Price Drops to US$6.51 /Pound (Friday, 30 October 2026)
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Copper price for Friday, 30 October 2026 transactions fell. Today's copper trade price was recorded at US$6.51 per pound. This figure is lower compared to the previous trading day which stood at US$6.6 per pound. This current condition completes the downward trend of copper price movement over the past two days.
Over the past week, copper price movement grew 1.74 percent with an average daily transaction price of US$6.57 per pound. According to Katadata Insight Center (KIC) calculations, on a year-to-date (ytd) basis, this copper price has increased by 13.09 percent. Even from this year's peak price of US$6.89 per pound, copper price has fallen by 5.5 percent.
(Read: Palladium Price - Palladium Traded Midday at US$1000.6 /Troy Ounce (Thursday, 29 October 2026))
On an annual basis, the average copper trade price over the past five years is on an upward trend. Meanwhile, for monthly price monitoring, transactions over the last 12 months have tended to rise. The highest recorded monthly average price for copper commodity was in September 2026 at US$6.66 per pound.
Factors Affecting Copper Price
Global market copper prices move following the balance between mine supply and industrial demand. On the demand side, copper is the backbone of the energy transition as it is used massively in electric vehicles (EV), power transmission networks, renewable energy, right through to data centres and artificial intelligence (AI) infrastructure. On the supply side, production disruptions at major mines such as those in Chile and Peru, export policies, and limited smelter capacity frequently cause tight supply. US Dollar exchange rates and economic data from China, the world's largest copper consumer, also drive daily price movements.
What is Copper and Why is its Price Monitored?
Copper is an industrial metal traded globally with the main benchmark at the London Metal Exchange (LME). As an excellent electrical conductor, copper demand is often used as an indicator of global economic health, earning it the nickname Dr. Copper. In Indonesia, copper is mined among other locations in Papua, and the government is promoting downstream industrialisation through smelter development to increase domestic added value.
Why Can Copper Price Rise or Fall Today?
Daily copper price movements are generally triggered by supply-demand sentiment, China manufacturing data releases, US Federal Reserve (The Fed) interest rate policy direction, as well as US Dollar strengthening or weakening. Over the last 30 days, copper price trend has tended to decline (weakening).
Two Freeport copper smelters have resumed operations following earlier operational disruptions. This may affect domestic copper supply, as reported by Katadata "Freeport's copper smelter is the largest one".
Major mining player UNTR has begun targeting expansion into the copper sector. as reported by Katadata "There are plans, copper remains one of the commodities we are considering." This move signals positive prospects for this metal commodity market.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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| Name | Value | % | |
|---|---|---|---|
| Inflasi yoy (Sep) | 3,28% | +0.09 | |
| Inflasi mom (Agu) | 0,21% | +0.35 | |
| Economic growth | 5,11% | +0.08 | |
| Pertumbuhan ekonomi (yoy) (Q1) | 5,61% | +4.08 | |
| Persentase kemiskinan (Mar) | 8,07% | -0.18 | |
| Gini rasio (Sem2) | 0,38 | 0.00 | |
| Nilai Tukar USDIDR | 18.151 | +0.12 | |
| PDB ADHK (Q2) | 3.576,20 | +3.73 | |
| Ekspor Migas (Agu) | 992,20 | +25.98 | |
| Neraca perdagangan (Agu) | 3,55 | +2,814.03 | |
| Impor Migas (Agu) | 3,53 | -6.37 | |
| Ekspor (Agu) | 26,61 | +1.51 | |
| Impor (Agu) | 23,06 | -11.63 | |
| Kunjungan Wisman (Agu) | 1,60 | +4.89 | |
| NTP (Jul) | 116,16 | +1.32 |
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