Morning Copper Price Traded at US$6.71 /Pound (Friday, 09 October 2026)
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Copper price for Friday, 09 October 2026 transactions increased. Today's copper trading price is recorded at US$6.71 per pound. This figure is higher than the previous trading day which stood at US$6.57 per pound. Current conditions are similar to copper price movements over the last one day which are on an upward trend.
Over the past week, copper price movement grew 2.65 percent with an average daily transaction price of US$6.62 per pound. As a result throughout 2026, copper prices have risen 16.59 percent from the start of year position at US$5.76 per pound. Even from this year's highest price at US$6.89 per pound, copper prices have fallen 2.58 percent.
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
Copper prices on the global market 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 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 in Chile and Peru, export policies, and limited smelter capacity often create tight supply. US dollar exchange rates and economic data from China, 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 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: Palladium Price - Palladium Fell Over The Last Three Days)
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 last 30 days, copper price trends have tended to rise (bullish).
Two Freeport copper smelters have resumed operations, marking momentum for strengthening national copper downstream industrialisation. as reported by Katadata "Freeport's large smelter capacity will help optimise domestic copper concentrate processing." This will impact supply dynamics and copper prices.
Astra Group through United Tractors is exploring opportunities to enter the copper mining business. as reported by Katadata "There are plans, copper remains one of the commodities we are considering." The company is currently looking for viable scale mining assets for acquisition.
"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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