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.

Copper Price5.93▲ 7.1% · 30d · 16 chains
2026-05-01: 2 bull · 0 bear2026-04-22: 1 bull · 0 bear2026-04-21: 0 bull · 1 bear2026-04-20: 0 bull · 1 bear2026-04-17: 1 bull · 0 bear2026-04-16: 1 bull · 0 bear2026-04-15: 1 bull · 0 bear2026-04-13: 0 bull · 2 bear2026-04-10: 1 bull · 0 bear2026-04-09: 1 bull · 1 bear2026-04-09: 1 bull · 1 bear2026-04-06: 1 bull · 0 bear2026-04-02: 0 bull · 2 bear
APR 2APR 14APR 23MAY 1

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MAY 1 – MAY 31, 2026
MAY 1 Closed: −0.08%
🇨🇳 Manufacturing Activity Rise 2026-05-01
COPPER PRICE ▲ 2026-05-01
Stronger manufacturing in China boosts demand for copper, pushing prices higher.
APR 1 – APR 30, 2026
MAY 1 Closed: −0.06%
🇨🇳 Manufacturing Activity Rise 2026-05-01
COPPER PRICE ▲ 2026-05-01
Stronger manufacturing in China boosts demand for copper, pushing prices higher.
APR 22 Closed: +1.97%
🇨🇳 Restocking 2026-04-22
COPPER PRICE ▲ 2026-04-22
Chinese restocking increased demand for copper, pushing prices higher.
🇨🇱 Producer Price Rise 2026-04-24
Copper price surge raised mining sector prices, boosting Chile's overall producer prices.
APR 21 Closed: −0.57%
🇺🇸 Peace Negotiation 2026-04-21
COPPER PRICE ▼ 2026-04-21
Peace talks reduce geopolitical risk, lowering copper's safe-haven demand and price.
APR 20 Closed: +0.01%
🇺🇸 Military Tension Rise 2026-04-20
COPPER PRICE ▼ 2026-04-20
Military tensions raise inflation and growth fears, reducing expected demand for industrial metals like copper.
APR 17 Closed: +0.61%
🇨🇳 Consumer Buying Rise 2026-04-17
COPPER PRICE ▲ 2026-04-17
Chinese consumers bought more copper, increasing demand and pushing up its price.
🇨🇱 Producer Price Rise 2026-04-24
Copper price surge raised mining sector prices, boosting Chile's overall producer prices.

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APR 16 Closed: −0.09%
🇨🇳 Copper Import Rise 2026-04-16
COPPER PRICE ▲ 2026-04-16
Higher Chinese copper imports signal stronger industrial demand, which pushes up global copper prices.
🇨🇱 Producer Price Rise 2026-04-24
Copper price surge raised mining sector prices, boosting Chile's overall producer prices.
APR 15 Closed: +0.02%
🇺🇸 Diplomatic Negotiation Progress 2026-04-15
COPPER PRICE ▲ 2026-04-15
Optimism about US-Iran diplomatic talks reduces conflict risks, boosting copper demand expectations.
🇨🇱 Producer Price Rise 2026-04-24
Copper price surge raised mining sector prices, boosting Chile's overall producer prices.
APR 13 Closed: +1.8%
🌍 Inventory Rise 2026-04-13
COPPER PRICE ▼ 2026-04-13
Higher copper inventories signal weaker demand, which pushes prices lower.
🇺🇸 Military Blockade Announcement 2026-04-13
COPPER PRICE ▼ 2026-04-13
The blockade announcement created uncertainty about global growth, reducing demand expectations for industrial metals like copper.
APR 10 Closed: +2.13%
🇮🇷 War De-Escalation 2026-04-10
COPPER PRICE ▲ 2026-04-10
A ceasefire reduces supply disruption fears, boosting investor confidence in copper demand.
🇨🇱 Producer Price Rise 2026-04-24
Copper price surge raised mining sector prices, boosting Chile's overall producer prices.
APR 9 Closed: −0.2%
🇮🇱 Military Strike 2026-04-09
🇮🇷 Ceasefire Breach 2026-04-09
Israeli strikes on Lebanon caused Iran to state that ceasefire terms were already violated.
COPPER PRICE ▼ 2026-04-09
Ceasefire breaches raised fears of renewed conflict, hurting risk sentiment and causing copper prices to drop.
🇺🇸 War De-Escalation 2026-04-09
COPPER PRICE ▲ 2026-04-09
A ceasefire reopening a key shipping route reduces inflation fears and boosts industrial demand for copper.
🇨🇱 Producer Price Rise 2026-04-24
Copper price surge raised mining sector prices, boosting Chile's overall producer prices.

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APR 6 Closed: +0.37%
🕌 War De-Escalation 2026-04-06
COPPER PRICE ▲ 2026-04-06
Hopes for a Middle East ceasefire improved market sentiment, boosting copper prices.
🇨🇱 Producer Price Rise 2026-04-24
Copper price surge raised mining sector prices, boosting Chile's overall producer prices.
APR 2 Closed: −1.08%
🇺🇸 Military Strike 2026-04-02
🌍 Fuel Price Rise 2026-04-02
US military escalation in Iran raised fears of oil supply disruptions, pushing prices higher.
COPPER PRICE ▼ 2026-04-02
Higher energy costs from geopolitical tensions cloud copper's demand outlook, pushing prices lower.
🌍 Supply Rise 2026-04-02
COPPER PRICE ▼ 2026-04-02
Abundant copper supply and rising inventories push prices lower.

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