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This is your Daily Copper Price Tracker with Vanessa Clark podcast.
Hey everyone, welcome back to Daily Copper Price Tracker. I'm Vanessa Clark, and today we're diving into what's happening with copper prices as we head into the weekend. Stick around because there's a lot going on in this market right now.
So let's jump right into today's numbers. As of this Friday, November 14th, 2025, copper is trading at approximately ten thousand eight hundred ninety dollars per metric ton on the London Metal Exchange, or about four dollars and ninety-three cents per pound on COMEX. Now if you've been following copper closely, you know we saw some interesting movement this week. Earlier in the day, prices actually dipped down to around ten thousand dollars per metric ton, but we're bouncing back a bit as we close out the week.
Here's what's really important to understand about what's driving copper right now. This week we've seen this interesting pattern play out. When the US government reopened on November 12th after that forty-three day shutdown, copper prices actually got a boost. We saw the market rally on optimism that economic activity would pick back up. But then today, weak economic data out of China has cooled that enthusiasm a little bit. China's factory production and retail sales grew at their slowest pace in over a decade back in October, and that's making investors nervous about copper demand going forward. That's because China is the world's top consumer of industrial metals.
Now, there's something really important happening underneath the surface that you need to know about. The copper market is actually facing what analysts are calling a structural supply deficit. Major copper mines around the world had significant production disruptions in the third quarter of this year. We're talking about issues at mines like Kamoa-Kakula and Grasberg. These aren't temporary problems either. We're dealing with declining ore grades that are eroding about half a percent to one percent annually, and there's been chronic underinvestment in new mining projects over the past decade. The International Copper Study Group is now predicting a supply gap of around one hundred fifty thousand metric tons globally by twenty twenty-six.
What really caught my attention this week is that the US government officially designated copper as a critical mineral back on November 6th. This is huge because it signals that policymakers understand copper is absolutely essential for the energy transition. We need massive amounts of copper for electric vehicles, renewable energy systems, and even artificial intelligence infrastructure. Demand projections suggest we could need ten million tonnes more copper annually by twenty thirty if we don't ramp up production significantly.
Now, looking at the technical side, we've had some volatile trading patterns. Copper is still up more than twenty percent year to date in twenty twenty-five despite some recent weakness. The metal briefly crossed eleven thousand dollars per metric ton earlier this week before pulling back. Analysts are telling us to expect some consolidation in the near term, especially as we wait for more clarity on Chinese economic stimulus measures and global interest rate policy.
Here's what you should take away from all this. Yes, we're seeing some near-term weakness because of China's economic slowdown and fading hopes for Federal Reserve rate cuts. But the long-term story for copper remains incredibly bullish. The energy transition isn't slowing down. Investments in renewable energy, grid modernization, and electric vehicle production continue to accelerate globally. That structural demand combined with a constrained supply picture means copper likely remains an important commodity to watch going into twenty twenty-six.
So there you have it. Copper trading around four ninety-three per pound today, grappling with short-term demand concerns but supported by powerful long-term fundamentals. Thanks so much for tuning in to Daily Copper Price Tracker. Make sure to subscribe so you don't miss tomorrow's update, and we'll catch you next time.
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