Morning Copper Price Traded at US$6.48 /Pound (Friday, 30 October 2026)
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Investing.com recorded that copper price today fell 1.83 percent to the level of US$ 6.48 per pound. This price drop is relatively large compared to the average price movement over the past week.
Copper price recorded its highest surge this week on Tuesday, 27 October 2026 at 1.69 percent. It has strengthened by 12.61 percent compared to its position at the start of the year.
Current conditions complete the copper price movement over the last two days which is on a downward trend.
Over the past week, copper price movement grew 1.31 percent with an average daily transaction price of US$6.56 per pound. According to Katadata Insight Center (KIC) calculations, on a year-to-date (ytd) basis, this copper price has increased by 12.61 percent. Meanwhile, throughout this year, the highest trading value for copper commodity was ever transacted at US$6.89 per pound, which occurred on Wednesday, 09 September 2026.
On an annual basis, the average copper trading price over the last five years is on an upward trend. Meanwhile, for monthly price monitoring, transactions over the last 12 months have tended to rise. The highest monthly average price for copper commodity was recorded in September 2026 at US$6.66 per pound.
Factors Affecting Copper Price
Global market copper prices 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), power transmission networks, renewable energy, as well as data centers 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 often cause tight supply. The US Dollar exchange rate 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 industrialization 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 Federal Reserve (The Fed) interest rate policy directions, 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 following previous operational disruptions. as reported by Katadata "Freeport's copper smelter is the largest one" so this event affects national copper supply and price dynamics.
Major players in the national mining industry are starting to turn their attention to copper commodity. as reported by Katadata "There are plans, after all copper is one of the commodities we are considering," stated the President Director of United Tractors.
"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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