The base metal copper has started 2026 with a strong performance. The price of copper, widely used in wires and cables, rose steadily throughout 2025, reaching a new peak on January 6, 2026. It touched $6.069 per pound on the Comex spot market. This represents a year-on-year increase of 59.63 percent from $3.802 per pound. On Friday, January 10, copper traded slightly lower at $5.849 per pound.
Similarly, the domestic futures price of copper on the MCX reached a high of ₹1,392.95 per kilogram on December 29 and stands at ₹1,278.95 per kilogram as of January 10.
The rise in copper prices reflects its low physical inventory and increasing demand driven by electrification. Globally, demand has been boosted by the increased use of electric vehicles, the construction of data centers, and strong orders from the defense sector.
