Base Metals · Live Indicative Price

Copper Price Today

Copper price — indicative LME/COMEX-linked reference in $/MT. Widely tracked as a leading indicator of global industrial activity. Updated continuously. Not a firm offer or quotation.

$/MT Live · Thursday, 2 July 2026

Indicative Price — Not a Tradeable Quote

This indicative price is generated using proprietary market models based on publicly available benchmark data and prevailing market conditions. The calculation is intended solely as a market reference and should not be interpreted as a firm quotation, offer, solicitation, or commitment to transact.

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About Copper Pricing

Copper is the most widely used industrial base metal, essential to construction wiring, power transmission, machinery, and electronics. Its price is set on the London Metal Exchange (LME), with the Shanghai Futures Exchange (SHFE) and COMEX in New York providing the other major reference points.

Because copper demand tracks so closely with industrial activity and infrastructure investment worldwide, it is one of the most closely watched commodities as a leading indicator of global economic momentum — hence its nickname, "Dr Copper".

Key Copper Price Drivers

Global manufacturing PMI — copper demand tracks industrial activity closely worldwide
China demand — the world's largest copper consumer, particularly for construction and grid investment
Electrification and renewables — EVs, solar, and wind installations are highly copper-intensive
Mine supply disruptions — strikes and community disputes in Chile and Peru (over half of global mine supply)
LME warehouse stock levels — falling exchange inventories are a bullish signal for near-term tightness
US dollar strength — copper is priced in USD like most metals

Copper Price by Trading Hub

Copper Price FAQ

What is the copper price today?

The copper price shown above is an indicative reference in $/MT tracking live LME and COMEX benchmark data. For firm tradeable prices, contact a verified supplier on the Skyra CIP platform.

Why is copper nicknamed 'Dr Copper'?

Copper is used across nearly every sector of the economy — construction wiring, power grids, machinery, and electronics — so its price is widely watched as a real-time barometer ('Doctor Copper') of global industrial health and manufacturing demand.

How is copper priced globally?

The London Metal Exchange (LME) cash and 3-month contracts serve as the global reference price, with the Shanghai Futures Exchange (SHFE) and COMEX providing regional benchmarks that typically track the LME price closely, adjusted for local premiums and freight.

What is driving long-term copper demand?

Electrification is the dominant long-term demand theme: electric vehicles use roughly 2–4x the copper of internal combustion vehicles, and renewable power generation and grid buildout are copper-intensive relative to fossil-fuel generation.

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