Global Copper Price
Global price of copper in US dollars per metric ton, from the IMF Primary Commodity Prices dataset.
13542.82
US Dollars per Metric Ton
Global Copper Price — latest reading: 13542.82 us dollars per metric ton. As of July 2026, it is up 38.6% over the past 12 months, well above its 10-year average. Source: PCOPPUSDM, International Monetary Fund, published monthly. Reported as published, without transformation; the publisher may revise it. Higher than all but 1 of 559 readings since 1980-01-01. Last at or above this level on 2026-06-01.
Min
1272.07
Max
13552.04
Average
4444.92
10Y Percentile
99%
3M Change
+5.1%
Global Copper Price (PCOPPUSDM) — 559 observations from 1980-01-01 to 2026-07-01. Source: FRED, Federal Reserve Bank of St. Louis. Red shading indicates NBER recession periods.
Macro Regime Context
The market regime is currently neutral (60% confidence).
See what this means across all four regime dimensions →3-Month
+5.1%
6-Month
+4.3%
12-Month
+38.6%
What this means
Global Copper Price is currently at 13542.82 us dollars per metric ton, which is well above its 10-year historical average. The trend is increasing (+5.1% over the past 3 months).
Over the past 6 months the change is +4.3%, and over 12 months it is +38.6%. The short-term pace is consistent with the longer trend.
Frequently Asked Questions
What copper price is shown here?
This is the benchmark global copper price compiled in the International Monetary Fund's Primary Commodity Prices dataset, quoted in US dollars per metric ton as a monthly average of grade A cathode prices on the London Metal Exchange.
Why is copper called 'Doctor Copper'?
Copper is used in construction, power grids, electronics, and machinery, so its demand rises and falls with global industrial activity. The nickname reflects the metal's reputation for tracking the health of the world economy — historically, sustained copper price declines have coincided with global manufacturing slowdowns.
How often is the copper price updated?
The IMF publishes the monthly average price in its Primary Commodity Prices release, sourced here from FRED. This page updates with each new monthly value.
Cite this page
MacroRadar, "Global Copper Price," https://www.macroradar.io/copper-price (as of July 2026).