Copper Price Rises Towards US$6.28 /Lb (Monday, 09 November 2026)
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Investing.com recorded that copper price today rose 0.33% towards the level of US$ 6.28 per pound. This price increase is relatively high compared to the average price movement over the past week.
Today's price movement is the highest this week at 0.33%. Copper has strengthened by 9.03% compared to its position at the start of the year.
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Current conditions cap the copper price movement over the last two days which has been on a declining trend.
Over the past week, copper price movement recorded a -3.63% change with an average daily transaction price of US$6.35 per pound. As a result, throughout 2026 copper prices have risen 9.03% from the start of year level of US$5.76 per pound. Even from this year's peak price of US$6.89 per pound, copper prices have fallen by 8.9%.
On an annual basis, the average copper trading price over the last five years is on an upward trend. Meanwhile, for monthly price monitoring, transactions over the past 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 Prices
Global 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 grids, 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?
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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 Prices 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 trends have tended to decline (weakening).
Indonesia's copper export performance jumped drastically in September 2026. as reported by Katadata "rose sharply because from a low base, when it rebounds it posts very large gains". This dynamic forms the background for domestic copper price movements.
Two Freeport copper smelters have resumed operations after a shutdown. The recovery of these facilities will affect domestic copper supply and price dynamics. as reported by Katadata "concentrate processing has become more optimal".
"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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