Source: https://mochatrade.com/learn/glossary/copper

# Copper
URL: https://mochatrade.com/learn/glossary/copper
Last modified: 2026-10-17

Copper is the industrial metal priced three ways: LME in dollars per tonne, COMEX in cents per pound, Shanghai in yuan. China uses more than half, warehouse stocks are public, and a new mine takes a decade, so the price is the cycle plus the visible pile. Its reads are [the PMI](https://mochatrade.com/learn) and [the dollar](https://mochatrade.com/learn/start-here/us-markets-for-indian-traders), and the COMEX contract is [what a copper claim copies](https://mochatrade.com/support/what-is-a-perpetual-contract-and-does-it-expire).

## Related terms

- COMEX: https://mochatrade.com/learn/glossary/comex
- LME: https://mochatrade.com/learn/glossary/lme
- Silver futures: https://mochatrade.com/learn/glossary/silver-futures
- Gold futures: https://mochatrade.com/learn/glossary/gold-futures
- Henry Hub: https://mochatrade.com/learn/glossary/henry-hub
- ADR (American Depositary Receipt): https://mochatrade.com/learn/glossary/adr

Educational content only. Not investment advice. Leveraged products magnify losses as well as gains.