Copper Price Traded at US$6.72 /Pound in Morning Trade (Friday, 18 September 2026)
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Copper price for transactions on Friday, 18 September 2026 increased. Today's copper trade price was recorded at US$6.72 per pound. This figure is higher compared to the previous trading day which stood at US$6.66 per pound. Current conditions cap off copper price movements over the past four days which have been on a downward trend.
Over the past week, copper price movement grew by 2.57 percent with an average daily transaction price of US$6.54 per pound. As a result, throughout 2026 copper prices have risen by 16.67 percent from the start of year level at US$5.76 per pound. Even from this year's peak price of US$6.89 per pound, copper prices have fallen by 2.51 percent.
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 past 12 months have tended to rise. The highest recorded monthly average price for copper commodity was in September 2026 at US$6.63 per pound.
Factors Affecting Copper Prices
Global market copper prices move according to the balance between mine supply and industrial demand. On the demand side, copper is the backbone of the energy transition as it is used extensively 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 create tight supply conditions. 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: International Paddy Rice Price at IDR 5595.7 per Kg (Friday, 18 September 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 past 30 days, the copper price trend has tended to decline (weakening).
Interest from large mining industry players has increasingly targeted copper assets over the past year. as reported by Katadata "copper is one of the commodities we are considering", stated United Tractors Board of Directors regarding their business expansion plans.
Indonesia's raw copper export ban policy remains in effect as part of natural resource downstream industrialisation. as reported by Katadata "In order to carry out economic transformation, there is no other way, we must have domestic industries", emphasised Minister of Energy and Mineral Resources Bahlil.
"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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