Copper futures held above $4.90 per pound on Friday and were on track to gain more than 5% for the week, driven by ongoing supply disruptions and lingering fears over possible US tariffs. Production setbacks at Teck Resources’ operations in Chile are expected to persist for several months, while disruptions at the Kamoa-Kakula project in the Democratic Republic of Congo have further tightened global supply. Adding to the bullish momentum, copper inventories in London Metal Exchange warehouses have been steadily declining, reflecting strong demand from key manufacturing hubs. Meanwhile, investor anxiety increased after President Donald Trump signed an executive order doubling tariffs on steel and aluminum to 50%, fueling speculation that copper could be the next target. The US is currently conducting an investigation into copper imports, adding further uncertainty to the market outlook.
Copper fell to 4.81 USD/Lbs on June 6, 2025, down 1.83% from the previous day. Over the past month, Copper's price has risen 4.83%, and is up 7.34% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Copper reached an all time high of 168.72 in March of 2025. Copper - data, forecasts, historical chart - was last updated on June 7 of 2025.
Copper fell to 4.81 USD/Lbs on June 6, 2025, down 1.83% from the previous day. Over the past month, Copper's price has risen 4.83%, and is up 7.34% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Copper is expected to trade at 4.78 USd/LB by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 5.13 in 12 months time.