Copper Price in 1992

In 1992, the price of copper averaged $1.04 per pound, down 1.9% from the year before. This page covers the 1992 average, high, low, and year-end close, the events that moved the market, and what that copper would be worth in today's dollars.

1992 Average

$1.04

LME/COMEX annual average, USD/lb

Change vs 1991

-1.9%

from $1.06 in 1991

1992 High

$1.16

from daily trading data

1992 Low

$0.94

from daily trading data

Year-End Close

$1.04

last trading day of 1992

What happened to the copper price in 1992

Copper averaged $1.04 per pound in 1992, essentially unchanged from $1.06 in 1991. Daily trading data shows copper moved between a low of $0.94 and a high of $1.16 during the year, ending 1992 at $1.04.

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 1992 average of $1.04 equals about $2.39 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 1992?

Copper averaged $1.04 per pound in 1992, based on LME and COMEX annual average data. Daily prices ranged from a low of $0.94 to a high of $1.16, and the year closed at $1.04. That average was down 1.9% from $1.06 in 1991.

What is a 1992 copper price worth in today's dollars?

Adjusted with the US Consumer Price Index, copper's 1992 average of $1.04 works out to roughly $2.39 in today's dollars, using 2025 as the CPI base year. The conversion uses BLS CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

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.