Copper Price in 2007

In 2007, the price of copper averaged $3.23 per pound, up 5.9% from the year before. This page covers the 2007 average, high, low, and year-end close, the events that moved the market, and what that copper would be worth in today's dollars.

2007 Average

$3.23

LME/COMEX annual average, USD/lb

Change vs 2006

+5.9%

from $3.05 in 2006

What happened to the copper price in 2007

Copper averaged $3.23 per pound in 2007, up 5.9% from $3.05 the year before. The notable development of 2007: Continued strong demand.

The 2000s were defined by the China supercycle. Explosive Chinese urbanization and infrastructure spending quadrupled copper between 2003 and 2006, driving it above $3 a pound, before the 2008 financial crisis produced a devastating crash and a rapid stimulus-fueled recovery.

Adjusted for inflation, copper's 2007 average of $3.23 equals about $5.02 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 2007?

Copper averaged $3.23 per pound in 2007, based on LME and COMEX annual average data. That average was up 5.9% from $3.05 in 2006.

What is a 2007 copper price worth in today's dollars?

Adjusted with the US Consumer Price Index, copper's 2007 average of $3.23 works out to roughly $5.02 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.

What moved the copper price in 2007?

The defining story of 2007: Continued strong demand. Against that backdrop, the annual average climbed 5.9%, from $3.05 in 2006 to $3.23.

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.