Copper Price Rises Towards US$6.51 /Pound (Monday, 02 November 2026)
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Copper price for trades on Monday, 02 November 2026 increased. Today's copper trading price was recorded at US$6.51 per pound. This figure is higher compared to the previous trading day which stood at US$6.51 per pound. Current conditions conclude copper price movements over the past two days which have been on a downward trend.
Over the past week, copper price movements grew by 0.33% with an average daily transaction price of US$6.57 per pound. According to Katadata Insight Center (KIC) calculations, year-to-date (ytd), this copper price has risen by 13.15%. Meanwhile throughout this year, the highest trading value for the copper commodity was ever transacted at US$6.89 per pound which occurred on Wednesday, 09 September 2026.
(Read: Palladium Price - Palladium Drops Towards US$987.7 /Troy Ounce (Friday, 30 October 2026))
Annually, 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 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 on 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 through 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 result in tight supply. The US dollar exchange rate and economic data from China as 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 it is 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 encouraging downstream industrialisation through smelter construction to increase domestic added value.
Why Can Today's Copper Price Rise or Fall?
(Read: Commercial Bank NPL by Business Sector in East Java | 2026)
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, the copper price trend has tended to decline (weakening).
Two Freeport copper smelters have resumed operations, opening momentum for strengthening national copper downstream industrialisation. as reported by Katadata "the combined smelting capacity of PTFI.. is targeted to be able to produce up to around 800 thousand tonnes of copper cathode per year". This dynamic affects domestic copper supply and prices.
Large mining corporations are starting to shift their interest towards the copper commodity. as reported by Katadata "There are plans, after all copper is one of the commodities we are considering," stated United Tractors Director Iwan Hadiantoro.
"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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