Copper

HGCOMEX

6.77▲+0.85%over 1 month

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

Price history

Last close 2026-09-25

Return by period

1M▲+0.85%

3M▲+11.51%

6M▲+22.43%

1Y▲+44.02%

5Y▲+61.42%

Risk

Trailing year

Annualised volatility28.3%

Largest drawdown-13.5%

Period high6.80

Period low4.70

Position in range

Trailing year

98%

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

4.706.80

Historical context

252 sessions

Volatility25.7%
50th percentile of the last 232 readings — typical. Annualised from the last twenty sessions, then ranked against the same calculation on every twenty-session window of the past year.
Latest session+0.75%
37th percentile of the last 251 readings — below typical. Ranked on size and not direction, so an unusually large fall reads as unusual rather than as a low return.
Five sessions+2.33%
68th percentile of the last 247 readings — above typical. Ranked among every five-session change of the past year, direction included.
Twenty sessions+2.76%
53rd percentile of the last 232 readings — typical. Ranked among every twenty-session change of the past year, direction included.

A percentile is the share of the past year’s readings at or below the current one. The multi-session rows keep direction, so a high rank there means a strong rise; volatility and the latest session are ranked on size alone, so a high rank means a large move either way. All of it describes how ordinary today is by this instrument’s own standards, which is a statement about the record and not about what happens next.

Reported context

Written by sonar-pro

Copper has recently traded near record levels, with prices supported by falling inventories, pre-holiday restocking in China and tighter nearby availability. Reports also cite supply concerns, including disruptions in Indonesia, the Democratic Republic of the Congo and Chile, while global mined output was reported to have declined in the first half of the year. Prices have at times eased as the US dollar strengthened and traders took profits after recent highs; uncertainty over possible US refined-copper tariffs has also remained part of market reporting.

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 25 Sept, 17:20 UTC.

Reported context

Writing

Published reporting on this move is being gathered now, and the explanation for it will replace this line as soon as the model has finished writing. Published reporting on this move is being gathered now, and the explanation for it will replace this line as soon as the model has finished writing. Published reporting on this move is being gathered now, and the explanation for it will replace this line as soon as the model has finished writing. Published reporting on this move is being gathered now, and the explanation for it will replace this line as soon as the model has finished writing.

Sources

What these figures mean

Written by gpt-5.4-mini

Copper rose 43.9% over the trailing year, and the current price is 98% of the way from the low of 4.70 to the high of 6.80, so it is very close to the top of that range. An annualised volatility of 28.3% means the price has typically moved by a fairly large amount over time, rather than staying close to one level. 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 later recovering.

A plain-English restatement of the calculated figures shown above, with no external information used. Written 25 Sept, 13:16 UTC.

What these figures mean

Writing

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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.