Copper (CMX) Prices

09-12-2025 - Over the past month, copper prices have experienced a significant rise, increasing from $4.9455 per pound to $5.3645 per pound. This upward movement suggests either a strengthening demand or supply constraints affecting the market. The forecast for Copper (CMX) anticipates a slight decline to $5.282 per pound, a 1.5% decrease from the current price of $5.3645 per pound, indicating a generally flat to slightly downward trend. This forecast highlights potential market volatility that could impact raw material prices.

The current market outlook presents mixed signals. While technical data suggests a price decrease of $0.0945 per pound due to trend-following indicators, demand and supply data point to upward pressure. This results in conflicting trends within the raw material market, with technical and flow data indicating a downward movement.

Despite the forecasted price decline, recent analyses from J.P. Morgan offer a contrasting perspective. They predict copper prices will reach $12,500 per metric ton by the second quarter of 2026, driven by ongoing supply disruptions and robust demand from sectors such as electric vehicles and renewable energy. This suggests a bullish sentiment in the market, contrasting with the forecasted short-term price decrease. Overall, the copper market is currently characterized by a complex interplay of factors, with both upward and downward pressures influencing price movements.