Copper Price Today: Copper becomes cheaper, decline despite high demand, know what is the reason?

Copper Price Today: In the commodity market today, on 19 February 2026, like gold and silver, the prices of copper on COMEX are also falling. Since the beginning of this month, the prices of precious metals have been fluctuating a lot. Copper prices have fallen more than 20% from their record high.

This is happening at a time when the demand for metal is continuously increasing. Market experts have even predicted that this metal will become the market leader in the coming years. Copper reached $5.7720 per pound on COMEX today.

What is the copper rate on MCX?

On Wednesday, the price of copper on Multi Commodity Exchange of India reached 1180.45 per kg. Copper had made an all-time high of 1,480.30 on MCX in early February. Now the prices have fallen by 20.26%. Apart from this, copper rates have fallen by about 1.8% on London Metal Exchange and 1.6% on COMEX.

Long term expectations remain

Ajit Mishra, Senior Vice President, Religare Broking, says that copper prices have been falling since last week, but there has been no major change yet. Due to increasing demand for copper, expectations of increase in prices in the long run are still high. Prices are getting support due to lack of global supply.

Why did the decline occur?

It is believed that the decline in copper and other precious metals is due to the closure of the market due to the ongoing Lunar New Year holidays in China. This has reduced demand, albeit for a short period, and is causing price fluctuations.

Even though you may be seeing fluctuations in copper prices right now, copper is being used extensively in many industries ranging from artificial intelligence data centers to electric vehicles, renewable energy, clean energy and many more.

Its use is continuously increasing, given that the demand will increase further in the coming time, but the supply is limited due to which a big jump in prices can be seen.