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This is your Daily Copper Price Tracker with Vanessa Clark podcast.
Hey there, copper watchers, and welcome back to the Daily Copper Price Tracker. Vanessa Clark here, your guide through the wilds of the copper market, bringing you the latest updates, insights, and practical tips to help you make sense of this essential metal—and maybe even make a smarter decision or two along the way.
Let’s dive right in. Today is Tuesday, October 21st, and we’ve got some movement to talk about. Copper prices have been on a bit of a see-saw over the last week. According to Trade Service, COMEX copper closed today at just under five dollars a pound—$4.9980, to be exact, up about 6.65 cents from Friday. That’s a modest gain, but not exactly a rally, especially when you look at the bigger picture. Over the past month, copper prices have actually climbed over seven percent, and year over year, we’re looking at a gain of nearly thirteen percent. Not bad, but things are always more complicated than the headline numbers.
Just yesterday, things weren’t so sunny. Copper futures dipped to around $4.91 a pound, down about two percent from the previous day. According to Trading Economics, this was largely due to concerns about softer demand from China—still the world’s biggest copper buyer—where industrial growth, while holding up, hasn’t sparked the kind of buying frenzy some investors had hoped for. There’s also that ever-present shadow of global trade tensions, which can make everything in the metals market a bit jittery.
And speaking of China, let’s talk about that for a second. For decades, China’s industrial boom has been the main engine driving copper demand higher. But now, according to analysts at Benchmark Mineral Intelligence, things are shifting. The U.S. and India are expected to play bigger roles in copper demand over the next decade, while China’s growth will likely slow. That doesn’t mean China’s out of the game—far from it—but it does mean the market’s becoming a bit more balanced, with multiple players influencing prices and trends.
On the supply side, things are still pretty tight. Two of the world’s biggest copper mines—Kamoa-Kakula in the Democratic Republic of Congo and Grasberg in Indonesia—have faced serious disruptions this year. At Grasberg, a tragic accident in September forced a major shutdown, and getting back to full production might not happen until well into next year. These kinds of disruptions matter, because they mean there’s less copper on the market when the world needs it most. In fact, some experts say that mine outages have pushed global supply disruptions above average this year, helping to keep prices from falling too far.
So what does all this mean for you, the listener? First, if you’re thinking about investing in copper or copper-related products, it’s worth paying attention to both global demand and supply. The energy transition, AI and data centers, and defense spending are all big drivers, and they’re not going away anytime soon. Second, remember that copper prices can be volatile. Just this past quarter, we saw prices swing from record highs above $5.80 a pound all the way down to the $4.30s. It’s a rollercoaster, for sure, but one with clear trends: long-term, most analysts see copper prices moving higher as demand outpaces supply.
Before I go, here’s a quick tip: When tracking daily copper prices, don’t get too hung up on one day’s move. Look at the trend over weeks and months, consider the big global issues—like supply disruptions in major mines or shifts in demand from key countries—and always, always, keep an eye on the news. Copper is a bellwether for the global economy, so if you follow where it’s going, you’ll learn a lot about where the world is headed.
Thanks so much for tuning into the Daily Copper Price Tracker. If you found this useful, make sure you subscribe so you don’t miss an episode. Share it with your friends who love markets, metals, or just a good story about the stuff that makes the modern world go round. Until next time, stay curious, stay smart, and keep tracking that copper. See you tomorrow!
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