Description
The COMEX Copper Futures Price is published by the New York Commodity Exchange (COMEX) and reflects the market's expectations for the future price of copper at a specific point in time. The fluctuations in copper futures prices are influenced by various factors, including global economic growth, industrial demand, supply chain conditions, geopolitical events, and the strength of the U.S. dollar.
As a crucial industrial metal, copper demand often directly reflects the level of economic activity. When global economic growth is strong or industrial activity is robust, copper demand typically increases, driving up copper futures prices. Conversely, when economic growth slows or industrial demand weakens, copper demand may decrease, leading to lower prices.
This data is released daily, providing the latest copper futures prices from market trading on that day.