Morning Copper Price Traded at US$6.58 /Pound (Friday, 02 October 2026)
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Copper price for Friday, 02 October 2026 transactions increased. Today's copper trading price is recorded at US$6.58 per pound. This figure is higher than the previous trading day which stood at US$6.54 per pound. Current conditions align with copper price movements over the last one day which are on a downward trend.
Over the past week, copper price movement grew by -2.58% with an average daily transaction price of US$6.65 per pound. Meanwhile, compared to prices at the start of the year, this copper price has increased by 14.3%. 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.
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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 the copper commodity was recorded 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 the energy transition as it is used massively in electric vehicles (EV), power 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 those in Chile and Peru, export policies, as well as limited smelter capacity 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?
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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 past 30 days, the copper price trend has tended to decline (weakening).
Interest from domestic mining conglomerates to enter the copper commodity has become increasingly apparent this year. as reported by Katadata "There are plans, copper remains one of the commodities we are considering." Astra group's UNTR has even prepared large-scale asset acquisition schemes for this line.
The government's raw copper export ban policy is the main factor affecting the price dynamics of this commodity. as reported by Katadata "In order to carry out economic transformation, there is no other way, we must have domestic industries," stated 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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| Economic growth | 5,11% | +0.08 | |
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| Persentase kemiskinan (Mar) | 8,07% | -0.18 | |
| Gini rasio (Sem2) | 0,38 | 0.00 | |
| Nilai Tukar USDIDR | 17.889 | -0.41 | |
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| Ekspor Migas (Agu) | 992,20 | +25.98 | |
| Neraca perdagangan (Agu) | 3,55 | +2,814.03 | |
| Impor Migas (Jul) | 3,77 | -17.33 | |
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| NTP (Jul) | 116,16 | +1.32 |
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