Copper

HGCOMEX

6.64▲+6.44%over 1 month

Copper futures per pound. Widely used as a barometer of global industrial demand.

Price history

Last close 2026-08-11

Return by period

1M▲+6.44%

3M▲+3.55%

6M▲+11.63%

1Y▲+50.13%

5Y▲+51.38%

Risk

Trailing year

Annualised volatility27.8%

Largest drawdown-13.5%

Period high6.70

Period low4.41

Position in range

Trailing year

97%

of the way from the year’s low to its high.

4.416.70

Reported context

Written by sonar-pro

Copper has recently been reported as tightening, with prices moving toward or into record territory as supply remains constrained and inventories fall, especially outside the United States. Reports say traders are sending more metal to US warehouses ahead of an expected decision on import tariffs, while shipments to China have also risen and London Metal Exchange stocks have dropped to a five-month low. Recent coverage also says demand has been supported by electrification, power-grid spending and AI data-centre construction, although some reports note weaker Chinese domestic demand and that the evidence on the balance of forces is not entirely uniform.

Sources

Generated from the figures on this page and published reporting. It describes what has been reported and is not advice, a recommendation, or a forecast. Written 11 Aug, 15:01 UTC.

Reported context

What these figures mean

Written by gpt-5.4-mini

Over the trailing year, the price rose by 50.3%, while the annualised volatility of 27.8% means the price has typically moved around by roughly that scale over a year, rather than staying still. The largest peak-to-trough fall was -13.5%, which means that at one point the price dropped 13.5% from a previous high before recovering later in the period. With a period low of 4.41, a period high of 6.70, and the current price sitting 98% of the way from the low to the high, the price is very close to the top of that range.

A plain-English restatement of the calculated figures shown above, with no external information used. Written 11 Aug, 14:43 UTC.

What these figures mean

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Figures are calculated from closing prices and exclude dividends, coupons and the cost of rolling futures contracts. Volatility is annualised using 252 trading days. Past movement describes what happened and implies nothing about what happens next.