Copper Price Rises Towards US$6.71 /Pound (Sunday, 11 October 2026)
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Investing.com recorded that copper price today rose 0.31% towards the level of US$ 6.71 per pound. This price increase is relatively high compared to the average price movement over the past week.
Throughout this week, copper price recorded its highest surge on Friday, 09 October 2026 at 1.88%. It has strengthened by 16.62% compared to its position at the start of the year.
(Read: World Natural Gas Price Traded at US$3.22 /Mmbtu This Afternoon (Friday, 09 October 2026))
Current conditions confirm the upward trend of copper price movements over the past two days.
Over the past week, copper price movement grew by 2.5% with an average daily transaction price of US$6.64 per pound. Meanwhile, compared to the price at the start of the year, this copper price has increased by 16.62%. Even from its highest price this year at US$6.89 per pound, copper price has fallen by 2.55%.
On an annual basis, the average copper trading price over the past five years is on an upward trend. Meanwhile, for monthly price monitoring, transactions over the last 12 months tend 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
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 energy transition as it is massively used in electric vehicles (EV), power 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 those in Chile and Peru, export policies, as well as limited smelter capacity often cause tight supply. 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?
(Read: 5.88% of Residents in Minahasa Regency Are Categorised as Poor)
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 central bank (The Fed) interest rate policy direction, as well as US Dollar strengthening or weakening. Over the last 30 days, copper price trend has been generally upward (rising).
Two Freeport copper smelters have resumed operations, opening momentum for the strengthening of national copper downstream industrialisation. as reported by Katadata "the combined smelting capacity of PTFI, including PT Smelting, is targeted to produce up to approximately 800 thousand tons of copper cathode per year". This condition will impact domestic copper supply and price dynamics.
Copper demand is increasingly attracting domestic mining industry players. as reported by Katadata "There are plans, copper remains one of the commodities we are considering."
"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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