Why are Copper Prices so high?
23-10-2025 - Copper prices surged 7.6% over the past month, from $9900.06 to $10656.64 per tonne. The month saw a low of $9900.06 on September 22nd and a high of $11047.28 on October 13th.
Our one month forecast for Copper is $10657.74 per tonne, with a minimal change of $1.1 per tonne, indicating a flat trend. Our analysis suggests a balanced market risk around this forecast for the raw material.
Our current forecast indicates that Supply data has the most significant impact on the price forecast, contributing $20.79 per tonne. Within the Supply data type, Inventories have a positive impact of $41.29, while Production Activity has a negative impact of -$20.50. While Demand, Supply, and Technical data suggest upward price pressure, Flows data indicates the opposite trend, with Exchange Rates and Seaborne Imports & Exports contributing -$0.77 per tonne.
Our one month forecast for Copper is $10657.74 per tonne, with a minimal change of $1.1 per tonne, indicating a flat trend. Our analysis suggests a balanced market risk around this forecast for the raw material.
Our current forecast indicates that Supply data has the most significant impact on the price forecast, contributing $20.79 per tonne. Within the Supply data type, Inventories have a positive impact of $41.29, while Production Activity has a negative impact of -$20.50. While Demand, Supply, and Technical data suggest upward price pressure, Flows data indicates the opposite trend, with Exchange Rates and Seaborne Imports & Exports contributing -$0.77 per tonne.
What is the current / spot price of Copper?
Copper Price Today
October 23, 2025
Current Price
7433
$/t
What is the forecast for the price of Copper?
Copper Price Forecast
October 23, 2025
1 Month Forecast
10657.74
$/t
1 Year Forecast
10068.74
$/t
What are the short-term drivers of Copper prices?
What are the long-term drivers of Copper prices?
Over the 1 Month horizon the outlook is moderately bullish due to drivers such as: - The net positions of speculators on the LME - Copper LME Closing Stock - Copper Ore exports from Peru Br(None) The top contrary drivers for the 1 Month horizon are: - Copper (CMX) - Long term price trends
Over the 1 Year horizon the outlook is bearish due to drivers such as: - Short term price trends - Copper LME Closing Stock - EWMA-based technical analysis - Movements in the Chinese Yuan Br(None) The top contrary drivers for the 1 Year horizon are: - The net positions of speculators on COMEX
Will the price of Copper go up?
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1 Week
1 Month
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1 Year
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