The Copper Price

As background, I’ve been working in the metals industry (primarily copper) for over 25 years. I’d like to share some perspective with you.

The copper price this month has fallen from a high of $4.40/lb down to $3.75/lb (15% decline).

The high this year was $4.87/lb on March 7 (23% decline).

These are big numbers by copper industry standards.

Copper is a base industrial metal, used in electrical cables, cars and motors, among other uses, so the copper price generally follows the economy.

This price development suggests that we’re facing an economic slowdown.

Disclaimer: the copper price is a generally good economic indicator, but of course not a perfect one. The copper price can diverge from the economic trend line due to metal surpluses or deficits driven by copper industry-specific supply issues.



While an interesting thread, this macroeconomic discussion is off topic.

Please no more on board replies.

If you would like to discuss copper prices further, you can do so off board via the email reply option.

All the best,
Assistant board manager


Actually, The METaR board is the perfect place to discuss global copper price swings at TMF. I’m replying to all here to point there. If you have something to offer that DOES NOT fit the Saul’s discussions format, there are other places to add value and parse opportunities.…


Mike, please post macroeconomic information like this on the Macroeconomic Trends and Risks Board (METAR) where we will welcome it.…