Copper Price in 1991
In 1991, the price of copper averaged $1.06 per pound, down 12.4% from the year before. This page covers the 1991 average, high, low, and year-end close, the events that moved the market, and what that copper would be worth in today's dollars.
1991 Average
$1.06
LME/COMEX annual average, USD/lb
Change vs 1990
-12.4%
from $1.21 in 1990
1991 High
$1.19
from daily trading data
1991 Low
$0.97
from daily trading data
Year-End Close
$0.98
last trading day of 1991
What happened to the copper price in 1991
Copper averaged $1.06 per pound in 1991, down 12.4% from $1.21 the year before. Daily trading data shows copper moved between a low of $0.97 and a high of $1.19 during the year, ending 1991 at $0.98.
The 1990s were choppy and ultimately weak. Copper rallied mid-decade before the 1997-98 Asian financial crisis, the Russian default, and the LTCM collapse hammered industrial demand, leaving copper near a twelve-year low around $0.71 by 1999.
Adjusted for inflation, copper's 1991 average of $1.06 equals about $2.51 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 1991?
What is a 1991 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.