Copper Price
US dollars per pound, COMEX copper futures, front month (HG=F). Last trade Nov 5, 2026, 13:20 UTC.
- 52-week range
- $4.9380 – $6.8035
Low Nov 7, 2025, high Sep 9, 2026
- Record close since 2000
- $6.8035
Sep 9, 2026; today -5.7% from it
- 1-year change
- +29.3%
From $4.9630 on Nov 5, 2025
- 1-year average
- $6.0483
Mean of daily closes
Nov 5, 2026$6.4150 /lb
Copper price performance
| Period | Price then | Change |
|---|---|---|
| 1 week | $6.5810 | -2.5% |
| 1 month | $6.5855 | -2.6% |
| 3 months | $6.7030 | -4.3% |
| Year to date | $5.6300 | +13.9% |
| 1 year | $4.9630 | +29.3% |
| 3 years | $3.6745 | +74.6% |
| 5 years | $4.3490 | +47.5% |
| 10 years | $2.2610 | +183.7% |
| 20 years | $3.3155 | +93.5% |
Copper price by year
| Year | Average | High | Low | Close | Change |
|---|---|---|---|---|---|
| 2026 (to date) | $6.1972 | $6.8035 | $5.3425 | $6.4150 | +13.9% |
| 2025 | $4.8248 | $5.7950 | $3.9885 | $5.6300 | +41.2% |
| 2024 | $4.2205 | $5.1190 | $3.6860 | $3.9860 | +2.7% |
| 2023 | $3.8530 | $4.2670 | $3.5420 | $3.8805 | +2.0% |
| 2022 | $4.0037 | $4.9290 | $3.2105 | $3.8055 | -14.6% |
| 2021 | $4.2494 | $4.7785 | $3.5390 | $4.4550 | +26.8% |
| 2020 | $2.8029 | $3.6285 | $2.1195 | $3.5140 | +25.8% |
| 2019 | $2.7210 | $2.9755 | $2.5125 | $2.7940 | +6.3% |
| 2018 | $2.9234 | $3.2930 | $2.5570 | $2.6280 | -19.9% |
| 2017 | $2.8053 | $3.2860 | $2.4810 | $3.2795 | +31.3% |
| 2016 | $2.1973 | $2.6890 | $1.9395 | $2.4975 | +17.5% |
| 2015 | $2.5056 | $2.9505 | $2.0195 | $2.1255 | -25.1% |
| 2014 | $3.1183 | $3.4315 | $2.8355 | $2.8385 | -17.5% |
| 2013 | $3.3376 | $3.7755 | $3.0260 | $3.4415 | -5.5% |
| 2012 | $3.6126 | $3.9745 | $3.2835 | $3.6410 | +6.1% |
| 2011 | $4.0005 | $4.6230 | $3.0545 | $3.4315 | -22.7% |
| 2010 | $3.4299 | $4.4395 | $2.7590 | $4.4395 | +33.4% |
| 2009 | $2.3654 | $3.3275 | $1.3810 | $3.3275 | +138.5% |
| 2008 | $3.1318 | $4.0775 | $1.2475 | $1.3950 | -54.0% |
| 2007 | $3.2269 | $3.7540 | $2.4045 | $3.0305 | +6.2% |
| 2006 | $3.0980 | $4.0755 | $2.1300 | $2.8540 | +32.0% |
| 2005 | $1.6852 | $2.2800 | $1.3950 | $2.1615 | +45.4% |
| 2004 | $1.2917 | $1.5425 | $1.0625 | $1.4870 | +42.6% |
| 2003 | $0.8099 | $1.0430 | $0.7090 | $1.0430 | +49.6% |
| 2002 | $0.7161 | $0.7835 | $0.6525 | $0.6970 | +6.7% |
| 2001 | $0.7258 | $0.8670 | $0.6040 | $0.6530 | -22.9% |
| 2000 (from Aug 30) | $0.8736 | $0.9285 | $0.8185 | $0.8465 |
High, low and close are daily closing prices; change is close over the prior year's close.
The copper price mining studies assume
Every PEA, pre-feasibility and feasibility study values its mine at an assumed copper price. Across the 57 studies in our database that state one, the median assumption sat 20% below the copper price on the study date. When the price runs above a study's assumption, that study's NPV understates the project at today's price, and the reverse when it falls below.
- Median assumption, last 12 months
- $4.7200/lb
19 studies
- Today's price vs that
- +35.9%
$6.4150 vs $4.7200
- Typical gap at study date
- -19.6%
Median of assumption vs price that day
- Studies counted
- 57
PEA, PFS and FS with a price deck
Latest studies
| Project | Company | Study | Date | Assumed | Price then | Today vs assumed |
|---|---|---|---|---|---|---|
| Copper World – Extension Case | Hudbay Minerals Inc. | PFS | Oct 2026 | $5.0000 | $6.5430 | +28.3% |
| Copper World | Hudbay Minerals Inc. | FS | Oct 2026 | $5.0000 | $6.5430 | +28.3% |
| Aurora Cu-Mo-Ag Project | DLP Resources Inc. | PEA | Oct 2026 | $4.3700 | $6.5115 | +46.8% |
| Costa Fuego (Productora + Cortadera) | Hot Chili Limited | PFS | Oct 2026 | $4.3000 | $6.5115 | +49.2% |
| Zuun Mod Molybdenum-Copper Project | Erdene Resource Development Corp. | PEA | Oct 2026 | $5.0000 | $6.5115 | +28.3% |
| Green Bay Ming Mine Copper-Gold Project | FireFly Metals Ltd. | PEA | Sep 2026 | $5.0000 | $6.7595 | +28.3% |
| Troilus Gold - Copper Project | Troilus Mining Corp. | FS | Sep 2026 | $5.0000 | $6.3685 | +28.3% |
| La Negra Mine | Silverco Mining Inc. | PEA | Sep 2026 | $4.5000 | $6.3685 | +42.6% |
| Green Bay Copper-Gold Project - Ming Deposit (4.6Mtpa Upscaled Case) | FireFly Metals Ltd. | PEA | Aug 2026 | $4.8199 | $6.5995 | +33.1% |
| Condestable Mine | Rio2 Limited | FS | May 2026 | $4.2500 | $6.3595 | +50.9% |
| Kay Mine Project | Arizona Metals Corp. | PEA | Apr 2026 | $4.7000 | $5.9260 | +36.5% |
| Nussir | Blue Moon Metals Inc. | FS | Apr 2026 | $5.2200 | $6.0705 | +22.9% |
Prices are daily closes of the COMEX copper futures, front month contract (HG=F) from Yahoo Finance. It is a continuous front-month series, so a roll to the next contract can step the line slightly. History starts Aug 30, 2000; the chart shows weekly closes for anything older than five years. Study assumptions are the base-case price decks extracted from technical reports in our project database: PEA, PFS and FS only, since resource-estimate decks use pit-shell prices and production reports use realized prices. Charting by TradingView Lightweight Charts. Not investment advice.