Copper Price in 1993
In 1993, the price of copper averaged $0.87 per pound, down 16.3% from the year before. This page covers the 1993 average, high, low, and year-end close, the events that moved the market, and what that copper would be worth in today's dollars.
1993 Average
$0.87
LME/COMEX annual average, USD/lb
Change vs 1992
-16.3%
from $1.04 in 1992
1993 High
$1.08
from daily trading data
1993 Low
$0.73
from daily trading data
Year-End Close
$0.83
last trading day of 1993
What happened to the copper price in 1993
Copper averaged $0.87 per pound in 1993, sliding 16.3% from the $1.04 average of 1992. Daily trading data shows copper moved between a low of $0.73 and a high of $1.08 during the year, ending 1993 at $0.83.
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 1993 average of $0.87 equals about $1.94 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 1993?
What is a 1993 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.