Copper Price in 1994
In 1994, the price of copper averaged $1.05 per pound, up 20.7% from the year before. This page covers the 1994 average, high, low, and year-end close, the events that moved the market, and what that copper would be worth in today's dollars.
1994 Average
$1.05
LME/COMEX annual average, USD/lb
Change vs 1993
+20.7%
from $0.87 in 1993
1994 High
$1.39
from daily trading data
1994 Low
$0.79
from daily trading data
Year-End Close
$1.39
last trading day of 1994
What happened to the copper price in 1994
Copper averaged $1.05 per pound in 1994, climbing 20.7% from the $0.87 average of 1993. Daily trading data shows copper moved between a low of $0.79 and a high of $1.39 during the year, ending 1994 at $1.39.
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 1994 average of $1.05 equals about $2.28 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 1994?
What is a 1994 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.