Copper price today surged to fresh record levels in the domestic futures market, extending its rally for the fifth straight session. The sharp rise in the copper price reflects strong global cues, tight supply, and growing demand from key industries such as power, technology and clean energy.

What is the copper price today in India?

Copper price today on the Multi-Commodity Exchange (MCX) touched a lifetime high of ₹1,249.95 per kg for the December futures contract. The January contract moved even higher, climbing to around ₹1,277.95 per kg.

Over the last five trading sessions, the copper rate today has risen by more than 12 per cent, gaining nearly ₹140 per kg in a short span. So far this year, copper price is up over 35 per cent, marking its strongest annual performance in more than a decade.

How are global copper prices behaving?

The surge in copper price today in India mirrors strong trends in international markets. Copper futures on the Comex were trading near USD 5.8 per pound, while prices on the London Metal Exchange (LME) crossed the USD 12,000 per tonne mark for the first time.

This global rally has played a key role in pushing the copper rate today to new highs in the domestic market.

Why is the copper price rising sharply?

The key reason behind the jump in copper price is tight global supply. Major copper-producing countries such as Chile and Indonesia are facing production disruptions due to operational and environmental challenges, reducing the availability of the metal.

At the same time, demand remains strong, creating a supply-demand imbalance that is pushing prices higher.

Is copper price expected to remain high?

Market experts believe copper prices may see some correction in 2026 after the recent sharp rally. However, the long-term outlook remains positive due to sustained demand from energy transition and infrastructure projects.

Investment banks expect copper prices to stay well-supported above USD 10,000 per tonne in the coming years, with further upside possible in the long term.