Copper Price in 1983
In 1983, the price of copper averaged $0.72 per pound, up 7.5% from the year before. This page covers the 1983 average, high, low, and year-end close, the events that moved the market, and what that copper would be worth in today's dollars.
1983 Average
$0.72
LME/COMEX annual average, USD/lb
Change vs 1982
+7.5%
from $0.67 in 1982
What happened to the copper price in 1983
Copper averaged $0.72 per pound in 1983, up 7.5% from $0.67 the year before.
The 1980s were mostly difficult for copper. Volcker's rate hikes, a deep early-decade recession, and the Latin American debt crisis kept prices depressed for years before a late-decade surge on strong global demand pushed copper back above a dollar.
Adjusted for inflation, copper's 1983 average of $0.72 equals about $2.33 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
Frequently Asked Questions
What was the price of copper in 1983?
What is a 1983 copper price worth in today's dollars?
Annual averages are LME and COMEX copper prices per pound in US dollars. Where shown, the yearly high, low, and close come from MetalCharts daily historical data and may differ slightly from figures published elsewhere. Inflation adjustments use BLS CPI-U annual averages.