Copper (CMX) Prices

October 23, 2025

Why are Copper (CMX) Prices so high?

23-10-2025 - Copper prices rose by 8.5% over the past month, from $4.573/lb on September 22nd to $4.961/lb on October 22nd. The high was $5.1005/lb on October 13th, while the low was at the beginning of the month.

Our one month forecast for Copper (CMX) is $5.0485 per lb, a slight increase of $0.0875 per lb or 1.8% from the latest price of $4.961 per lb. Our analysis suggests a balanced market risk around this forecast.

Our current forecast is influenced most significantly by Technical data, with a price impact of $0.1145 per pound. Among Technical data, the Trend Following family contributes $0.0595, while Traders' Positions add $0.0410 per pound. However, there is disagreement among the data types, with Flows, Supply, and Technical data suggesting upward price pressure, while Demand data indicates the opposite trend, with a negative impact of -$0.0075 per pound from the Global Economy family.

What is the current / spot price of Copper (CMX)?

Copper (CMX) Price Today

October 23, 2025

Current Price

4.96

$/t

What is the forecast for the price of Copper (CMX)?

Copper (CMX) Price Forecast

October 23, 2025

1 Month Forecast

5.05

$/t

1 Year Forecast

4.66

$/t

What are the short-term drivers of Copper (CMX) prices?

What are the long-term drivers of Copper (CMX) prices?

Over the 1 Month horizon the outlook is bullish due to drivers such as: - The net positions of speculators on the LME - Short term price trends - Long term price trends - The shape of the futures curve - Seasonality trends for the prediction month of year Br(None)

Over the 1 Year horizon the outlook is bearish due to drivers such as: - Short term price trends - Movements in the Chinese Yuan - Copper LME Closing Stock Br(None) The top contrary drivers for the 1 Year horizon are: - Copper exports from Chile - Long term price trends