Copper
COPPER · Commodity
Last updated 5:45:53 AM ET
Overview
COPPER — Copper — trades publicly as a commodity. The most recent price was 6.61, up 0.27% over the past 24 hours. Trading volume came in at 37,260.
- Ticker
- COPPER
- Type
- Commodity
Historical Chart
Copper price chart, 1M range. Current price 6.61. Up 0.27% over the selected range.
No chart data available for this range.
Key Statistics
Technical Indicators
Not available for this asset type.
What Is Copper?
This tracks COMEX copper futures. Copper is used extensively in construction wiring, power generation and transmission infrastructure, electronics, and industrial machinery, which gives its price unusually broad exposure to global industrial activity compared with most other commodities.
That broad industrial usage is why copper carries the nickname "Dr. Copper" — a play on the idea that its price movements can help diagnose the health of the global economy, since demand for copper tends to rise and fall with construction and manufacturing activity before those trends show up in slower-moving official economic data.
China is by far the largest global consumer of copper, driven by its construction and manufacturing sectors, which means Chinese economic data and stimulus policy tend to move copper prices more than developments in any other single country. Copper demand has also drawn increasing attention in recent years due to its heavy use in electric vehicles and renewable-energy infrastructure, both of which require significantly more copper per unit than their fossil-fuel equivalents.
How Copper Is Priced
Copper doesn't have a market capitalization in the way a stock or cryptocurrency does — there's no fixed, countable supply of outstanding units to multiply by price. Instead, its price is set by global supply and demand in spot and futures markets: producers, industrial buyers, and speculators trade standardized contracts on commodity exchanges, and the quoted price reflects the most recent trade or settlement price for the nearest active contract. Prices move on real-world supply shocks (weather, geopolitics, production changes) and demand shifts (economic growth, industrial usage, currency strength) more than on any single company's performance.