What drives the copper price?
What drives the copper price? Known as "Dr. Copper" for its ability to predict economic health — when factories hum, copper demand rises. Each row traces a chain of real events that pushed copper higher or lower, month by month.
✉️ Track chains of events as they happen. Free.
MAR 1 – MAR 31, 2026
🇨🇳 demand rise
🇸🇦 oil production decline
→🌍 oil price rise
→🌍 inflation rise
→🇺🇸 dollar appreciation
🕌 war escalation
→🌍 safe-haven demand rise
→🇺🇸 dollar appreciation
✉️ Track chains of events as they happen. Free.
FEB 1 – FEB 28, 2026
🇨🇳 inflation decline
→🇨🇳 demand decline
🇨🇳 inventory rise
🇨🇳 import demand rise
🇺🇸 interest rate hike signal
🌍 forced liquidation
🌍 supply disruption
🇨🇳 demand decline
🇨🇳 copper production rise
🇺🇸 central bank appointment
→🌍 metal price decline
inventory rise
🌍 inventory rise
🇺🇸 hawkish candidate nomination
🌍 volatility decline
🌍 profit taking
🇨🇳 speculation decline
JAN 1 – JAN 31, 2026
🇺🇸 job cut decline
→🇺🇸 dollar appreciation
🌍 profit taking
🌍 demand rise
🌍 shortage
🇺🇸 tariff rise
→🌍 demand decline
🇨🇳 money supply decline
→🇨🇳 demand decline
🇨🇳 high-frequency trading restriction
🇺🇸 tariff deferral
🇺🇸 tariff threat removal
🇺🇸 tariff rise
🇨🇱 strike start
🌍 supply concerns
🇺🇸 tariff expectation
DEC 1 – DEC 31, 2025
🌍 profit taking
🇮🇩 mine closure
🇮🇩 production delay
→🇮🇩 copper output decline
🇺🇸 interest rate cut
→🇺🇸 us dollar depreciation
🇨🇳 copper output decline
🇺🇸 economic growth
🇺🇸 tariff threat rise
🇨🇳 economic decline
🌍 risk rise
🌍 inventory decline
🌍 short covering
🌍 supply constraint
🇵🇪 copper output decline
🇨🇱 copper output decline
🇺🇸 labor market decline
→🇺🇸 interest rate decline
🇨🇳 economic support rise
production decline
🌍 production decline
🇺🇸 tariff rise
NOV 1 – NOV 30, 2025
🇨🇱 premium rise
🇺🇸 cost rise
→🇺🇸 job cut rise
→🇺🇸 interest rate cut likelihood rise
🇨🇳 supply increase expectation
🇨🇳 tariff rise
→🇨🇳 demand decline
🇺🇸 tariff decline
→🌍 risk appetite rise
🇺🇸 dollar depreciation
🌍 copper output decline
🇺🇸 government shutdown
→🌍 risk rise
🇺🇸 tariff rise threat
OCT 1 – OCT 31, 2025
🇺🇸 government shutdown
→🇺🇸 dollar appreciation
🇨🇳 demand decline
🇺🇸 tariff decline
🌍 commodity production decline
🇮🇩 mine closure
→🇮🇩 supply decline
🇨🇱 supply decline
🇨🇱 supply constraint
🇺🇸 tariff pause
🇨🇱 geopolitical factor
supply decline
supply decline
🇺🇸 tariff rise
→🌍 trade tension decline
🇮🇩 supply disruption
supply disruption
🌍 trade optimism
🇨🇱 supply disruption
supply disruption
🇺🇸 data analysis recalibration
→🇺🇸 job decline
→🇺🇸 rate cut expectation
🇺🇸 trade tension rise
🇨🇳 trade tension rise
🇨🇳 trade war escalation
🇺🇸 trade war escalation
🇺🇸 trade tension decline
🇨🇱 copper output decline
🇨🇦 mine supply decline
🇨🇱 mine supply decline
🇮🇩 mine accident
→🇮🇩 copper output decline
🇮🇩 copper output decline
🇨🇳 trade decline
🇨🇳 export restriction
→🇺🇸 tariff fear
→🇨🇳 import growth decline
🇮🇩 mine supply decline
🇺🇸 job rise
🇺🇸 services sector growth
SEP 1 – SEP 30, 2025
🇵🇪 mine supply decline
🇮🇩 mine supply decline
🇵🇪 copper output decline
🇮🇩 mine disruption
🇮🇩 copper supply disruption
🇨🇱 copper production rise
🇮🇩 mine shutdown
🇮🇩 copper output decline
🇺🇸 tariff removal
🇨🇳 copper output decline
AUG 1 – AUG 31, 2025
🇺🇸 margin decline
→🇺🇸 producer price decline
→🇺🇸 rate cut expectation
🇨🇱 mine closure
🇺🇸 tariff fear
🇨🇱 mine supply decline
🇺🇸 trade deficit rise
→🇺🇸 tariff rise
🇨🇳 manufacturing decline
→🇨🇳 demand decline
🇺🇸 tariff announcement
🇺🇸 tariff rise
🇺🇸 tariff exemption
🇨🇱 copper output decline
JUL 1 – JUL 31, 2025
🇺🇸 tariff exemption
🇺🇸 tariff fear
→🇺🇸 tariff rise
→🇺🇸 tariff rise
🇺🇸 tariff fear
→🇺🇸 tariff rise
→🇺🇸 tariff rise
🇺🇸 tariff exemption
🇺🇸 trade deal
→🌍 risk appetite rise
🇨🇳 industrial support measures
🇺🇸 shipment decline
🇺🇸 tariff threat
🇺🇸 tariff fear
→🇺🇸 tariff rise
🇺🇸 tariff fear
→🇺🇸 tariff rise
🇺🇸 tariff fear
🇨🇳 demand decline
🇺🇸 tariff risk
🌍 supply decline
🇺🇸 tariff removal
JUN 1 – JUN 30, 2025
🇺🇸 tariff risk rise
🇺🇸 import rise
→🌍 inventory decline
🇨🇳 budget stimulus
🇺🇸 conflict rise
→🕌 geopolitical turmoil rise
🇺🇸 job growth
→🇺🇸 rate cut expectation decline
🇺🇸 tariff fear
→🌍 risk-off sentiment rise
🇨🇳 demand decline
supply disruption
🇨🇱 supply disruption
🇺🇸 tariff rise
🇨🇳 manufacturing rise
MAY 1 – MAY 31, 2025
🇺🇸 tariff rise
→🌍 risk rise
🌎 ore output rise
→🌍 copper supply rise
🇺🇸 fiscal spending rise
→🇺🇸 rating downgrade
→🇺🇸 currency depreciation
🇨🇳 policy rate cut
→🇨🇳 interest rate decline
🌎 copper supply rise
🌍 trade optimism decline
🌍 manufacturing decline
→🌍 demand decline
🌍 trade uncertainty
🇨🇳 tariff decline
→🇺🇸 tariff decline
🇺🇸 tariff decline
→🇨🇳 tariff decline
→🇺🇸 tariff decline
→🇨🇳 tariff decline
🇨🇳 policy rate cut
→🇨🇳 interest rate decline
→🇨🇳 demand rise
🇺🇸 tariff probe announcement
→🇺🇸 inventory rise
🇨🇳 tariff negotiation prospect
🇨🇳 tariff rise
→🌍 manufacturing decline
🌍 demand decline
🌎 supply rise
🌍 trade optimism
🇨🇳 inventory decline
🇺🇸 trade relations improvement
🇺🇸 tariff rise
→🇨🇳 manufacturing decline
🇺🇸 GDP decline
APR 1 – APR 30, 2025
🇨🇳 trade tension rise
🇺🇸 trade tension rise
🌎 ore output rise
→🌍 supply rise
🇺🇸 tariff suspension
🇨🇳 stimulus delay
🇺🇸 trade war de-escalation
→🇺🇸 dollar appreciation
🇺🇸 tariff announcement
→🌍 trade worry rise
🇺🇸 trade tension decline
🇨🇳 tariff rise
→🇺🇸 tariff rise
→🇨🇳 tariff rise
→🇺🇸 tariff rise
🇺🇸 tariff exemption
→🌍 investor sentiment improvement
🇺🇸 tariff fear
🇺🇸 tariff cut
🇨🇳 tariff rise
🇺🇸 tariff decline
🇺🇸 tariff pause
🇪🇺 tariff rise
→🇺🇸 tariff rise
→🇨🇳 tariff rise
→🇺🇸 tariff rise
🇺🇸 tariff halt
🇺🇸 trade war escalation
🇺🇸 tariff rise
🇨🇳 manufacturing decline
MAR 1 – MAR 31, 2025
🇺🇸 tariff speculation
🇺🇸 tariff rise
→🇨🇳 tariff rise
→🇺🇸 tariff rise
🇨🇳 growth rise
🇺🇸 tariff expectation rise
🇺🇸 tariff expectation
🇺🇸 tariff rise
→🇨🇳 tariff rise
→🇺🇸 tariff rise
🇨🇦 tariff rise
→🇺🇸 tariff rise
🇺🇸 tariff fear
🇺🇸 tariff investigation
🇨🇳 manufacturing activity slowdown
✉️ Track chains of events as they happen. Free.
FEB 1 – FEB 28, 2025
🇺🇸 tariff investigation
🇺🇸 tariff prospect
🇺🇸 tariff expectation
🇺🇸 tariff decline
🇨🇳 production rise
→🇨🇳 supply rise
🇺🇸 trade deal expectation
🇺🇸 tariff delay
🇺🇸 sanctions removal possibility
🇺🇸 tariff fear decline
🇺🇸 tariff fear
🇺🇸 export rise
→🇺🇸 demand rise
🇨🇱 supply decline
🇲🇽 tariff rise
→🇺🇸 tariff rise
→🇨🇳 tariff rise
→🇺🇸 tariff rise
🇨🇳 demand rise
🇨🇱 copper supply concerns rise
🇨🇱 copper supply concerns
🇨🇳 factory expansion
🇲🇽 tariff rise
→🇺🇸 tariff rise
🇨🇳 seasonal demand decline
→🇨🇳 consumer price decline
🇺🇸 tariff rise
🇺🇸 tariff threat
🇨🇳 producer price decline
🇨🇳 credit contraction
→🇨🇳 manufacturing decline
JAN 1 – JAN 31, 2025
🇺🇸 copper demand concerns rise
🇺🇸 tariff rise
→🇨🇳 manufacturing decline
🌍 copper output decline
🇺🇸 tariff rise
🇺🇸 tariff fear
🇨🇳 demand rise
→🇨🇳 import rise
🇨🇳 inventory decline
🇨🇱 copper production forecast decline
🇺🇸 tariff expectation
→🇨🇳 export rise
🇺🇸 hiring rise
→🇺🇸 dollar appreciation
🇨🇳 economic support rise
🌍 copper supply disruption
🇨🇳 stimulus rise
🌍 electrification demand rise
🌍 renewable energy demand rise
🌍 demand expectation
🇨🇳 stimulus expectation
🌍 demand rise
🇨🇳 fiscal policy expectation
🇨🇳 economic outlook improvement
🇺🇸 dollar decline
🇨🇳 lending rate hold
🌎 supply rise
🇺🇸 factory expansion
DEC 1 – DEC 31, 2024
🇺🇸 inventory rise
→🇺🇸 demand decline
→🇺🇸 manufacturing decline
🇺🇸 tariff fear
→🇨🇳 manufacturing decline
🇺🇸 producer price decline
→🇺🇸 interest rate cut likelihood rise
🇺🇸 interest rate rise
🇨🇳 retail sales growth decline
→🇨🇳 demand uncertainty
🇺🇸 inflation data release
→🇺🇸 interest rate cut
🇨🇳 economic concern
🇺🇸 rate cut expectation
🇺🇸 tariff threat
→🇺🇸 dollar appreciation
🇨🇳 sales decline
🇨🇳 home value decline
🇨🇳 credit growth decline
🇺🇸 producer cost rise
→🇺🇸 rate cut expectation decline
🇺🇸 interest rate cut expectation shift
🇨🇳 food cost decline
→🇨🇳 inflation drop
→🇨🇳 currency depreciation
🇨🇳 stimulus rise
🇨🇳 monetary easing
🇨🇳 stimulus expectation rise
🇨🇳 import rise
🇨🇳 factory output rise
NOV 1 – NOV 30, 2024
🇺🇸 treasury secretary nomination
→🇺🇸 dollar depreciation
🇺🇸 tariff expectation
→🇨🇳 stimulus expectation
🇺🇸 us dollar appreciation
🇨🇳 copper supply rise
🇺🇸 election result
→🇺🇸 dollar appreciation
🇨🇳 demand uncertainty
🇺🇸 election likelihood rise
→🇺🇸 dollar appreciation
🇺🇸 dollar decline
🇨🇳 retail sales growth decline
OCT 1 – OCT 31, 2024
🇺🇸 factory activity decline
→🇺🇸 inflation rise
→🇺🇸 treasury yield rise
🇺🇸 retail sales rise
→🇺🇸 rate cut expectation decline
→🇺🇸 yield rise
→🇺🇸 dollar appreciation
🇨🇳 economic stimulus
🇨🇳 interest rate decline
🇨🇳 stimulus package increase
→🇨🇳 economic growth
🇨🇳 policy support lack
🌍 inventory rise
🇺🇸 demand decline
→🇺🇸 manufacturing decline
→🇺🇸 interest rate cut
→🇺🇸 dollar appreciation
🇨🇳 stimulus announcement
🇺🇸 labor data improvement
→🇺🇸 dollar appreciation
🇨🇳 stimulus absence
🌍 profit taking
🕌 geopolitical turmoil rise
🇨🇳 producer price decline
🇨🇳 loan decline
🇨🇳 stimulus rise
→🇨🇳 manufacturing rise
SEP 1 – SEP 30, 2024
🇨🇳 stimulus measure
🇨🇳 interest rate decline
🇺🇸 interest rate rise
→🇺🇸 manufacturing decline
→🇺🇸 interest rate decline
🇺🇸 energy cost decline
→🇺🇸 inflation drop
→🇺🇸 rate cut expectation
🇨🇳 economic data decline
🌍 inventory rise
AUG 1 – AUG 31, 2024
🇨🇳 demand rise
🇨🇳 stimulus absence
→🇨🇳 demand decline
🇺🇸 interest rate rise
→🇺🇸 manufacturing decline
→🇺🇸 recession worry rise
→🌍 risk rise
🇺🇸 manufacturing contraction
🇨🇳 growth slowdown
🇨🇳 supply concern ease
🇨🇳 stimulus absence
🇺🇸 economic contraction
🇨🇳 factory activity decline
JUL 1 – JUL 31, 2024
🇨🇳 factory activity decline
🇨🇳 fiscal support decline
🇨🇳 stimulus absence
→🇨🇳 demand decline
🇨🇳 manufacturing contraction
→🇨🇳 demand decline
🌍 risk-off sentiment rise
🌍 trade friction rise
→🇨🇳 economic growth decline
🇺🇸 hiring rise
→🇺🇸 dollar rise
🇨🇳 industrial demand decline
🇨🇳 interest rate cut
🇨🇳 stimulus absence
🇨🇳 copper production rise
🌍 inventory rise
🇨🇳 manufacturing contraction
→🇨🇳 demand decline
→🇨🇳 producer price decline
🇨🇳 consumer price rise
🇺🇸 pmi rise
→🇺🇸 rate cut expectation decline
→🇺🇸 dollar appreciation
🇨🇳 manufacturing decline
🇺🇸 demand decline
→🇺🇸 job decline
→🇺🇸 interest rate cut likelihood rise
🇨🇳 inventory decline
🇨🇳 stimulus expectation rise
🇺🇸 new order decline
→🇺🇸 manufacturing decline
🇨🇳 manufacturing decline
🇨🇳 manufacturing contraction
JUN 1 – JUN 30, 2024
🇺🇸 order rise
→🇺🇸 business activity rise
→🇺🇸 rate hike expectation rise
🇨🇳 housing oversupply
→🇨🇳 demand decline
🇺🇸 order rise
→🇺🇸 business activity rise
→🇺🇸 dollar appreciation
🌍 manufacturing decline
🇨🇳 industrial demand decline
🌍 supply decline
🇨🇱 ore availability decline
🌍 tariff threat rise
→🇨🇳 demand decline
🇨🇳 inventory rise
🇨🇳 supply rise
🇨🇳 copper inventory rise
MAY 1 – MAY 31, 2024
🌍 scrap usage rise
→🌍 copper output rise
→🌍 inventory rise
🇨🇳 home value decline
→🇨🇳 construction decline
→🇨🇳 demand decline
🇨🇳 infrastructure stimulus
→🌍 speculative demand rise
🌍 output decline
🇨🇳 policy easing
→🇨🇳 demand rise
mine disruption
→🌍 supply decline
🇺🇸 inflation drop
→🇺🇸 interest rate decline
→🌍 demand rise
🌍 supply deficit
🌍 profit taking
🇨🇳 PMI decline
🇨🇳 home value decline
🇨🇳 industrial production decline
🇨🇳 manufacturing decline
APR 1 – APR 30, 2024
expected mine supply decline
🌍 investment rise
🌍 profit taking
copper output decline
copper output decline
🇺🇸 sanction imposition
🇺🇸 inflation worries
→🇺🇸 dollar appreciation
🌍 order rise
→🇨🇳 manufacturing rise
🌍 copper output decline
🇨🇳 copper output decline
🌍 manufacturing rise
🇺🇸 service sector slowdown
→🇺🇸 dollar depreciation
🇺🇸 job cut rise
→🇺🇸 interest rate drop expectation
🇨🇳 factory activity expansion
🇨🇳 copper smelter output cut
🇺🇸 inflation drop
🇺🇸 manufacturing decline
🇨🇳 supply decline
🇨🇳 import rise
MAR 1 – MAR 31, 2024
🇨🇳 economic decline
🇨🇳 profit margin squeeze
→🇨🇳 input buying decline
→🇨🇳 inventory rise
🇨🇳 business concern rise
🇨🇳 factory output rise
🇨🇳 retail sales rise
🇨🇳 copper production limits
🇨🇳 copper production cuts
🇨🇳 copper output decline
🇨🇳 production cut
🇨🇳 sector activity rise
🇺🇸 manufacturing rise
🇨🇳 demand rise
🇨🇳 supply decline
🇨🇳 copper usage rise
FEB 1 – FEB 29, 2024
🇨🇳 stimulus implementation
→🇨🇳 copper inventory rise
🇨🇳 deflation rise
🇺🇸 job rise
→🇺🇸 rate cut expectation decline
→🇺🇸 dollar appreciation
🇨🇳 deflation rise
🇺🇸 interest rate cut expectation decline
🇩🇪 industrial activity rise
JAN 1 – JAN 31, 2024
🇺🇸 dollar depreciation
🇺🇸 dollar strength
🇨🇳 economic data weak
🌍 copper output decline
copper output decline
🇺🇸 pmi rise
→🇺🇸 rate cut expectation decline
→🌍 risk rise
→🇺🇸 dollar appreciation
🇨🇳 manufacturing decline
🇨🇳 manufacturing contraction
🇨🇳 inventory rise
✉️ Track chains of events as they happen. Free.