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.
What's driving markets right now — the full picture, every 3 days. Fast, free.
Sign upMAY 1 – MAY 31, 2026
MAY 21
Closed: −0.31%
🌍 Tech Stock Rise
2026-05-21
COPPER PRICE ▲
2026-05-21
Rising tech stocks boosted demand expectations for copper used in data infrastructure.
↓
COPPER PRICE ▲
MAY 18
Closed: −0.16%
🇨🇳 Economic Growth Decline
2026-05-18
COPPER PRICE ▼
2026-05-18
Weakness in China's economy reduces demand for copper, pushing prices down.
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COPPER PRICE ▼
🇮🇷 Military Strike
2026-05-18
🌍 Energy Price Rise
2026-05-18
Initial attacks in the Iran war drove oil and gas prices sharply higher.
🌍 Inflation Rise
2026-05-18
Energy price shock from Middle East raises costs, pushing overall inflation higher.
🌍 Interest Rate Rise Expectation
2026-05-18
Higher oil prices raise inflation, leading to expectations of interest rate hikes.
COPPER PRICE ▼
2026-05-18
Higher interest rates are expected to slow economic growth, reducing demand for industrial metals like copper.
↓
COPPER PRICE ▼
MAY 14
Closed: −1.02%
🌍 Profit-Taking
2026-05-14
COPPER PRICE ▼
2026-05-14
Traders sold copper to lock in profits, causing prices to fall.
↓
COPPER PRICE ▼
MAY 8
Closed: +1.98%
🇮🇷 Military Strike
2026-05-04
🌍 Energy Price Decline
2026-05-04
The strikes did not hit Iranian energy infrastructure, easing supply fears and lowering energy prices.
COPPER PRICE ▲
2026-05-08
Easing energy prices reduce growth concerns, boosting demand for industrial metals like copper.
🇬🇧 Mining Stock Rise
2026-05-13
Higher copper prices boost mining company revenues and profits, lifting their stock prices.
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COPPER PRICE ▲
↓
MAY 6
Closed: +3.26%
🇮🇷 Military Strike
2026-05-04
🌍 Energy Price Decline
2026-05-04
The strikes did not hit Iranian energy infrastructure, easing supply fears and lowering energy prices.
COPPER PRICE ▲
2026-05-06
Lower energy costs reduce manufacturing expenses, boosting demand for copper.
↓
COPPER PRICE ▲
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MAY 5
Closed: +2.55%
🇮🇷 Military Strike
2026-05-05
COPPER PRICE ▼
2026-05-05
Escalating US-Iran tensions raised demand concerns, pressuring copper prices lower.
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COPPER PRICE ▼
MAY 4
Closed: −3.17%
🇺🇸 War De-Escalation
2026-05-04
COPPER PRICE ▲
2026-05-04
Easing tensions reduced inflation fears, boosting demand outlook for copper.
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COPPER PRICE ▲
🇮🇷 Military Strike
2026-05-04
COPPER PRICE ▼
2026-05-04
The Iran conflict raised demand concerns, weakening purchasing power and pressuring copper prices.
↓
COPPER PRICE ▼
MAY 1
Closed: +0.07%
🇨🇳 Manufacturing Activity Rise
2026-05-01
COPPER PRICE ▲
2026-05-01
Stronger manufacturing in China boosts demand for copper, pushing prices higher.
🇬🇧 Mining Stock Rise
2026-05-13
Higher copper prices boost mining company revenues and profits, lifting their stock prices.
↓
COPPER PRICE ▲
APR 1 – APR 30, 2026
APR 30
Closed: −0.06%
🇨🇳 Manufacturing Activity Rise
2026-04-30
COPPER PRICE ▲
2026-04-30
Stronger China manufacturing boosts demand for copper, pushing prices higher.
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COPPER PRICE ▲
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.
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COPPER PRICE ▲
↓
APR 21
Closed: −0.57%
🇺🇸 Diplomatic Negotiation Progress
2026-04-21
COPPER PRICE ▼
2026-04-21
Peace talks reduce geopolitical risk, lowering copper's safe-haven demand and price.
↓
COPPER 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.
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COPPER PRICE ▼
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.
↓
COPPER PRICE ▲
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APR 16
Closed: −0.09%
🕌 War De-Escalation
2026-04-16
COPPER PRICE ▲
2026-04-16
Reduced conflict fears boost confidence in global growth, increasing expected demand for industrial metals like copper.
🇨🇱 Producer Price Rise
2026-04-24
Copper price surge raised mining sector prices, boosting Chile's overall producer prices.
↓
COPPER PRICE ▲
🇨🇳 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.
↓
COPPER PRICE ▲
What's driving markets right now — the full picture, every 3 days. Fast, free.
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