Copper Price Rises Towards US$6.28 /Pound (Monday, 09 November 2026)
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Investing.com recorded that copper price today rose 0.33% towards the level of US$ 6.28 per pound. This price increase is relatively high compared to the average price movement over the past week.
Copper price recorded its highest surge this week on Monday, 09 November 2026 at 0.33%. It has strengthened by 9.03% compared to its position at the start of the year.
(Read: Latest Crypto Movement, Bitcoin Records 0.4% Change)
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 grew -3.63% with an average daily transaction price of US$6.35 per pound. Meanwhile compared to the position 30 days ago, copper price movement has grown -5.5%. Throughout this year, the highest trading value for the copper commodity was ever transacted at the price of US$6.89 per pound which occurred on Wednesday, 09 September 2026.
On an annual basis, the average copper trade price over the last five years is on an upward trend. Meanwhile, for monthly price monitoring, transactions over the last 12 months tend to rise. The highest monthly average price for the copper commodity was ever recorded in September 2026 at US$6.66 per pound.
Factors Affecting Copper Price
Copper prices in the global market 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), electricity transmission networks, renewable energy, right up to data centres and artificial intelligence (AI) infrastructure. On the supply side, production disruptions at major mines such as in Chile and Peru, export policies, as well as limited smelter capacity often cause tight supply. The US dollar exchange rate and economic data from China as the world's largest copper consumer also drive prices day to day.
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 Prices Rise or Fall Today?
Daily copper price movements are generally triggered by supply-demand sentiment, China manufacturing data releases, US central bank (The Fed) interest rate policy direction, as well as US dollar strengthening or weakening. Over the last 30 days, the copper price trend has tended to decline (weakening).
Indonesia's copper exports recorded a very sharp surge in September 2026. as reported by Katadata "For copper and copper-derived goods exports, we recorded that HS 74 category increased by 165.97% year-on-year". This development is an important context for the price movement of this commodity.
Two Freeport copper smelters have resumed operations after a halt, opening momentum for strengthening national copper downstream industrialisation. as reported by Katadata "Freeport's copper smelter is the largest one" so that domestic concentrate processing can run more optimally.
"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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