As of June 20, 2024, copper futures contracts to be settled in July 2029 were trading on U.S. markets at around 4.5 U.S. dollars per pound. This is higher than the price of 3.92 U.S. dollars per pound for contracts to be settled in January 2024, indicating that copper traders expect the price of copper to fluctuate. Copper futures are contracts that effectively lock in a price for an amount of copper to be purchased at a time in the future, which can then be traded on markets. Futures markets therefore provide an indicator of how investors think a commodities market will develop in the future.
Monthly price of copper futures contracts in the United States from January 2019 to May 2024, with forecasts to July 2029
(U.S. dollars per troy ounce)
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Investing.com. (June 20, 2024). Monthly price of copper futures contracts in the United States from January 2019 to May 2024, with forecasts to July 2029 (U.S. dollars per troy ounce) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1239064/copper-futures-price-usa/
Investing.com. "Monthly price of copper futures contracts in the United States from January 2019 to May 2024, with forecasts to July 2029 (U.S. dollars per troy ounce)." Chart. June 20, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1239064/copper-futures-price-usa/
Investing.com. (2024). Monthly price of copper futures contracts in the United States from January 2019 to May 2024, with forecasts to July 2029 (U.S. dollars per troy ounce). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1239064/copper-futures-price-usa/
Investing.com. "Monthly Price of Copper Futures Contracts in The United States from January 2019 to May 2024, with Forecasts to July 2029 (U.S. Dollars per Troy Ounce)." Statista, Statista Inc., 20 Jun 2024, https://www.statista.com/statistics/1239064/copper-futures-price-usa/
Investing.com, Monthly price of copper futures contracts in the United States from January 2019 to May 2024, with forecasts to July 2029 (U.S. dollars per troy ounce) Statista, https://www.statista.com/statistics/1239064/copper-futures-price-usa/ (last visited November 21, 2024)
Monthly price of copper futures contracts in the United States from January 2019 to May 2024, with forecasts to July 2029 (U.S. dollars per troy ounce) [Graph], Investing.com, June 20, 2024. [Online]. Available: https://www.statista.com/statistics/1239064/copper-futures-price-usa/
