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This is your Daily Copper Price Tracker with Vanessa Clark podcast.
Hello and welcome to the Daily Copper Price Tracker. I’m Vanessa Clark, bringing you the latest news, trends, and actionable insight in the world of copper. Thanks for joining me today—whether you’re a trader, industry insider, or just curious about what’s happening with this essential commodity.
Let’s start with the most current trading price for copper as of Thursday, October 30, 2025. Copper futures on the COMEX settled at just over five dollars a pound, closing at five point zero seven eight cents per pound for the November contract. This marks a three percent drop for the day, which is the largest single-day decline since mid-October and the lowest close we've seen since late October. Even after today’s dip, copper remains up more than twenty-seven percent from its fifty-two-week low. Month-to-date, prices are still up about five percent, highlighting the overall bullish momentum we’ve seen this year.
For those tracking global markets, copper prices on the London Metal Exchange hovered near all-time records. Today, LME copper futures hit eleven thousand one hundred twenty-three dollars per metric ton, just shy of the historic high set earlier in 2024. That price action comes as copper continues trending near its highest levels ever, driven by broad supply worries and strong investment demand.
Now, what’s fueling these dramatic price swings? The big stories are continuing supply constraints, especially from mining regions facing operational challenges, and ongoing optimism that improved trade relations between the United States and China could drive industrial demand. Goldman Sachs is forecasting copper prices to consolidate somewhere between ten thousand and eleven thousand dollars per metric ton through the end of this year and well into 2025. They’re cautious about copper sustaining higher levels unless we see real changes in supply and demand—not just speculative hype.
If you trade copper or work in manufacturing, pay attention to today’s key support levels. Technical analysts say copper needs a new round of bullish momentum to break past the five dollar twenty-three level per pound. If sellers take control, we could see corrective moves down toward four dollars and ninety-five cents, with stronger support near four seventy-five. These thresholds can offer important clues for short-term price action if you’re looking to hedge, invest, or plan purchasing contracts.
From an investment perspective, copper’s rally is part of a bigger story: global electrification trends and infrastructure growth keep underlying demand robust. However, inventory data points to rising global stockpiles, particularly outside the United States, which could tame the supply crunch narrative in the months ahead. That’s why big financial institutions like Goldman Sachs predict a market surplus could emerge in 2026, potentially capping further gains.
So, what’s the practical takeaway for copper buyers, investors, and market watchers? First, understand that volatility is likely to stick around for a while. Sharp moves in copper prices often reflect shifting supply-demand dynamics and can signal broader trends in global manufacturing and infrastructure development. If you’re buying copper for your business, make sure to lock in prices ahead of big market events, and consider diversifying your purchasing strategies. For investors, keep an eye on macroeconomic signals—dollar strength, Federal Reserve policy, and industrial cycles remain key influencers.
That’s all for today’s episode of the Daily Copper Price Tracker. I’m Vanessa Clark, and I hope you found this update timely and useful. Don’t forget to subscribe so you never miss the latest insights. Tune in next time for another look at what’s happening in the world of copper. Thanks for listening!
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