Copper

Copper fell by 0.23% on Friday October 24, trading at $0.1 per pound with a weekly gain of 0.91% and monthly gain of 6.36%. Copper prices are impacted by global supply disruptions, a shift in demand drivers and geopolitical considerations. The indefinite suspension of operations at Freeport-McMoRan's Grasberg mine in Indonesia removed significant production volume, tightening the market. Demand is increasingly driven by US and Indian infrastructure modernization, electrification and AI data center growth, contrasting with moderating consumption in China. Geopolitical tensions and trade policies between the US and China introduce volatility into the copper market. Its 52-week high was $0.1 per pound, while its 52-week low was $0 per pound.

5 Days 1 Month 3 Months 6 Months YTD 1 Year 3 Years 5 Years 10 Years
0.91% 6.36% -12.86% 3.76% 26.93% 16.98% 35.33% 47.16% 147.46%