Commodities forecast · FRED data
Copper price forecast
Copper price (US dollars per metric ton, monthly average)
Latest · Jul 2026
$13,543
The Copper price is forecast at $12,702 in 12 months (Jul 2027), with an 80% range of $9,274 to $15,631. The latest monthly value was $13,543 on Jul 2026, so the median implies a change of −6.2%.
Along the way, the median is $13,609 in 3 months and $13,338 in 6 months.
- 3 monthsOct 2026
- $13,609▲ +0.5%80%: $12,066 – $15,068
- 6 monthsJan 2027
- $13,338▼ −1.5%80%: $11,025 – $15,423
- 12 monthsJul 2027
- $12,702▼ −6.2%80%: $9,274 – $15,631
Backtest · last 5 years
How accurate has this been?
| Horizon | Tests | Avg. error | Naive error | In 80% range |
|---|---|---|---|---|
| 3 months | 58 | $698 | $635 | 86% |
| 6 months | 55 | $1,164 | $1,028 | 80% |
| 12 months | 49 | $1,560 | $1,352 | 78% |
We re-ran the model as if standing at past dates, using only the data available then. Avg. error is the mean absolute gap between the median and what happened; naive assumes no change from the last value. A well-calibrated 80% range contains about 80% of outcomes. Methodology
Source data
Recent values
| Date | Value | Change |
|---|---|---|
| Jul 2026 | $13,543 | −0.07% |
| Jun 2026 | $13,552 | +0.30% |
| May 2026 | $13,512 | +4.82% |
| Apr 2026 | $12,891 | +2.89% |
| Mar 2026 | $12,529 | −3.26% |
| Feb 2026 | $12,951 | −0.27% |
| Jan 2026 | $12,987 | +10.14% |
| Dec 2025 | $11,791 | +9.05% |
| Nov 2025 | $10,812 | +0.67% |
| Oct 2025 | $10,740 | +7.46% |
| Sep 2025 | $9,995 | +3.34% |
| Aug 2025 | $9,672 | −1.01% |
About this forecast
- Source
- FRED, Federal Reserve Bank of St. Louis · series PCOPPUSDM
- Data through
- Jul 2026 · 415 observations
- Forecast updated
- Sep 28, 2026
- Model
- TimesFM 2.5 (Google Research, Apache-2.0), zero-shot
Other commodity forecasts
All 3Statistical model, not financial advice. This forecast is generated automatically from public data; the 80% range means outcomes are expected outside it about one time in five. Don't make financial decisions based only on it.
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