Copper Price Rises Towards US$6.56 /Pound (Friday, 16 October 2026)
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Copper price for Friday, 16 October 2026 trading increased. Today's copper trade price was recorded at US$6.56 per pound. This figure is unchanged compared to the previous trading day which stood at US$6.56 per pound. Current conditions align with copper price movements over the past day which are on a declining trend.
Over the past week, copper price movement recorded -0.1% growth with an average daily transaction price of US$6.67 per pound. As a result throughout 2026, copper prices have risen 14% from the start of year level at US$5.76 per pound. Even from this year's peak price at US$6.89 per pound, copper prices have fallen by 4.74%.
(Read: BPS: Purwokerto YoY Inflation in September 2026 at 2.81%)
On an annual basis, average copper trading prices over the last five years are on an upward trend. Meanwhile, for monthly price monitoring, transactions over the last 12 months tend to increase. The highest recorded monthly average copper commodity price was noted in September 2026 at US$6.66 per pound.
Factors Affecting Copper Prices
Global market copper prices move following the balance between mine supply and industrial demand. On the demand side, copper is the backbone of 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 in Chile and Peru, export policies, as well as smelter capacity limitations 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 Prices Rise or Fall Today?
(Read: Rupiah Exchange Rate Strengthens to IDR 18,013.7 per US Dollar (Friday, 16 October 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, copper price trends have tended to decline (weakening).
Two Freeport copper smelters in Gresik have resumed operations, opening momentum for strengthening national downstream industrialisation. as reported by Katadata "Freeport's large smelter capacity will help optimise domestic copper concentrate processing." This will affect domestic copper price supply dynamics.
Major mining players are now starting to target copper commodity for expansion. as reported by Katadata "copper is one of the commodities we are considering," stated United Tractors board of directors. This move reflects market sentiment regarding copper price prospects.
"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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| 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 | 18.037 | +0.01 | |
| 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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