Copper Prices

06-02-2026 - Over the past month, the price of copper has decreased from $13,240.98 per metric ton to $12,825.42 per metric ton. This decline suggests a downward trend in the market, potentially due to changes in supply-demand dynamics or broader economic factors impacting raw material prices. The forecast for copper is $12,879.98 per metric ton, representing a slight increase of $54.56 per metric ton, or 0.4%, from the current price of $12,825.42 per metric ton. This indicates a generally stable trend for copper, with minimal risk.

The forecast points to upward price pressure on raw materials, largely influenced by Flows data, with significant contributions from Exchange Rates and Seaborne Imports & Exports. However, Demand data suggests a slight downward pressure, resulting in a mixed market outlook. J.P. Morgan Global Research anticipates that copper prices will continue to rise, reaching $12,500 per metric ton in the second quarter of 2026, with an average of approximately $12,075 per metric ton for the entire year. This projection aligns with the forecast of $12,879.98 per metric ton for the upcoming month, reinforcing expectations of increasing copper prices.