Morning Copper Price Traded at US$6.69 /Pound (Thursday, 29 October 2026)
- A Small
- A Medium
- A Bigger
Copper price for transactions on Thursday, 29 October 2026 increased. Today's copper trading price was recorded at US$6.69 per pound. This figure is higher compared to the previous trading day which stood at US$6.69 per pound. Current conditions conclude copper price movements over the past four days which have been on a downward trend.
Over the past week, copper price movement grew 1.69 percent with an average daily transaction price of US$6.57 per pound. As a result throughout 2026, copper prices have risen 16.24 percent from the start of year position at the US$5.76 per pound level. 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.
(Read: Bitcoin Transactions Busiest Today, Volume Hits Record)
Annually, 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 monthly average price for copper commodity was ever recorded in September 2026 at US$6.66 per pound.
Factors Affecting Copper Prices
Copper prices on 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 used massively in electric vehicles (EV), electricity 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 in Chile and Peru, export policies, as well as limited smelter capacity often cause tight supply. US Dollar exchange rates and economic data from China as the world's largest copper consumer also drive prices day to day.
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 it is 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 encourages downstream industrialisation through smelter development to increase domestic added value.
Why Can Copper Prices 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 direction, as well as US Dollar strengthening or weakening. Over the past 30 days, copper price trends have tended to decline (weakening).
Two Freeport copper smelters in Gresik have resumed operations after a temporary halt. as reported by Katadata "Freeport's copper smelter is the largest" so this recovery strengthens the national copper processing chain.
Large local mining operators are starting to look at copper business potential. as reported by Katadata "copper is one of the commodities we are considering", stated United Tractors directors in the latest public presentation.
"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."
Related Data
Latest Data Stories
Market Data
| 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 | 18.165 | +0.09 | |
| 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 |
Trending Topics
Popular Data
