Copper Price Today
Track the live copper price in USD per pound. Real-time HG futures data with interactive charts and historical prices. Known as 'Dr. Copper' for its economic indicator role.
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Understanding the Copper Price
The copper price reflects the cost on global commodity exchanges. On COMEX, copper trades under the symbol HG in USD per pound. Nicknamed "Dr. Copper", its price is considered one of the most reliable leading indicators of global economic activity. The green energy transition is a major bullish driver — EVs use 3-4x more copper according to industry estimates than conventional cars.
- China Demand — China consumes ~50% of global copper
- Construction Activity — Buildings and infrastructure are the largest copper end-use
- Green Energy Transition — EVs, solar, wind, and grid upgrades all require copper
- Mining Supply — Chile and Peru produce ~40% of global supply
- US Dollar Strength — Copper is priced in USD, so a weaker dollar supports prices
- Warehouse Inventories — LME and COMEX stock levels signal supply-demand balance
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Frequently Asked Questions
What is the copper price today?
The copper price changes constantly during market hours. Our live chart above shows the real-time HG futures price updated with live market data from COMEX. Copper is quoted in US dollars per pound on COMEX and in US dollars per metric ton on the LME.
Why is copper called 'Dr. Copper'?
Copper is nicknamed 'Dr. Copper' because it has a 'PhD in economics' — its price is considered one of the most reliable indicators of global economic health. Since copper is used across construction, manufacturing, electronics, and transportation, rising prices typically signal economic expansion.
How does the green transition affect copper prices?
The green energy transition is strongly bullish for copper. EVs use 3-4x more copper according to industry estimates than conventional cars, and solar, wind, and grid infrastructure all require significant copper. Some analysts project a supply shortfall by 2030 as demand outpaces new mine development.
What is the difference between COMEX and LME copper?
COMEX (CME Group) trades copper in USD per pound and is the primary US benchmark. The London Metal Exchange (LME) trades copper in USD per metric ton and is the global benchmark for physical copper. Both serve as reference prices for the global copper market.
What is copper used for?
Copper is used in electrical wiring and cables (about 60% of demand), construction (plumbing, roofing), transportation (vehicles, ships), industrial machinery, and consumer electronics. Emerging demand from EVs, renewable energy, and data centers is expected to drive significant growth in copper consumption.
What is the COMEX copper inventory?
COMEX copper inventory is the physical copper stored in CME Group-approved warehouses across the United States. MetalCharts tracks daily changes in registered and eligible copper stocks, providing insight into physical supply conditions in the US market.
Which countries produce the most copper?
Chile is the world's largest copper producer (about 25% of global output), followed by Peru, the Democratic Republic of Congo, China, and the United States. The Escondida mine in Chile is the world's largest copper mine by production volume.