Commoditiesmonthly
Copper Price (Global)
Global copper price, "Dr. Copper" is a leading economic indicator.
$12,951.35
1W -0.27%1M -0.27%3M -0.27%
Updated 3m agoUpdated just now
AI Analysis
Apr 14, 2026Copper/gold ratio at 2.66 — significantly depressed, confirming risk-off/flight to safety dominates the commodity complex (copper NOT confirming the oil spike = demand destruction narrative, not supply-driven industrial cycle).
Recent Data
| Date | Value | Change |
|---|---|---|
| Feb 1, 2026 | $12,951.35 | -0.27% |
| Jan 1, 2026 | $12,986.61 | +10.14% |
| Dec 1, 2025 | $11,790.96 | +9.05% |
| Nov 1, 2025 | $10,812.03 | +0.67% |
| Oct 1, 2025 | $10,739.92 | +7.46% |
| Sep 1, 2025 | $9,994.77 | +3.34% |
| Aug 1, 2025 | $9,671.88 | -1.01% |
| Jul 1, 2025 | $9,770.58 | -0.66% |
| Jun 1, 2025 | $9,835.07 | +3.19% |
| May 1, 2025 | $9,531.2 | — |
Related in Commodities
Explore Further
Forecast 2026
Copper Price (Global) Outlook
Scenario-weighted forecast using scenario weighted approach.
Comparison
Copper vs Gold
The copper-to-gold ratio is one of the most reliable real-time indicators of global economic health. Copper demand is dr...
Comparison
Copper vs WTI Oil
Copper is tied to electrification, construction, and manufacturing, while oil is tied to transportation and heating. Cop...
Comparison
Copper vs S&P 500
Copper is nicknamed Dr. Copper because it is said to have a PhD in economics, reflecting the pulse of global industrial ...
Comparison
Freeport-McMoRan vs Copper
FCX is highly levered to copper prices through both production and reserves. When FCX outperforms copper, equity markets...
Comparison
Commodity Index vs Copper
Copper is the most growth-sensitive industrial commodity. When copper outperforms the broad commodity index, industrial ...
Comparison
Caterpillar (CAT) vs Copper
CAT and copper both proxy the global industrial and mining cycle. They typically correlate highly. CAT outperforming cop...
Comparison
Industrials (XLI) vs Copper
Industrials and copper both proxy the global capex and construction cycle. When XLI leads copper, equity markets are ant...
Comparison
USD/CNY vs Copper
Yuan weakness (rising USD/CNY) can signal either Chinese capital flight or intentional devaluation to support exports. C...
Comparison
Copper vs WTI Oil
Copper and oil both reflect industrial demand but copper is purer on construction and electronics while oil is transport...
Scenario
What Happens When Copper Surges?
What happens when copper prices surge? Why "Dr. Copper" is the economy's best diagnostician, and what it means for equit...
Scenario
What Happens When ISM Manufacturing Drops Below 45?
What happens when the manufacturing sector enters deep contraction? Historical recession correlation, supply chain effec...
Scenario
What Happens When Capacity Utilization Falls Below 75%?
Industrial capacity utilization below 75% signals excess factory slack. What happens to inflation, earnings, and policy ...
Scenario
What Happens When the Copper-Gold Ratio Collapses?
Copper-gold ratio collapse signals growth concerns and is often called "Dr. Copper's recession warning". What happens wh...
Scenario
What Happens When Copper Surges to All-Time Highs?
What happens when copper reaches new all-time highs? Economic signal, inflation implications, and electrification demand...
Frequently Asked Questions
▶What is Copper Price (Global)?
Global copper price, "Dr. Copper" is a leading economic indicator.
▶How often is Copper Price (Global) updated?
Copper Price (Global) is updated once per month when the releasing agency publishes new data. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source Copper Price (Global) data?
Convex sources Copper Price (Global) data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the Copper Price (Global) chart page?
The Copper Price (Global) page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated monthly. This page is for informational purposes only and does not constitute financial advice.