Copper
We don't have an honest retail series for this yet — copper reaches consumers inside wiring, plumbing and electronics, never as a priced retail good.
US scope. We show a retail endpoint only when a published BLS series measures it honestly.
In your life
The verdict
Copper is on watch.
HGZ26.CMX Dec-2026 contango (flattening) — deferred premium, near-term supply ample.
WatchIllustrative scenario. Not a prediction. Not financial advice.
The board
- This week
- No sharp move this week
- This year
- Price up 35% over the past year
- Where it comes from
- DR Congo, Chile and Japan grow 46% of the world's copper — fairly concentrated.
The 0–10 stress score and the full evidence sit under “How we know” below.
What if the supply got cut?
What if a great earthquake hits Chile's copper belt? — move the sliders and get the answer in plain English.
Play the what-if →How we knowStress scores, exporters, routes, spike history, and the disruption model — analyst layer.
Market stress
4/10Limited
12-month price change
+35.1%
Oct ’25 → Oct ’26
Change in monthly average vs 12 months earlier
Top exporter
20.4%
DR Congo · of world exports
In your life
Copper
We don't have an honest retail series for this yet — copper reaches consumers inside wiring, plumbing and electronics, never as a priced retail good.
US scope. We show a retail endpoint only when a published BLS series measures it honestly.
Where it comes from, and how it reaches your wallet
Copper is in your everyday life as your wiring & electronics.
Circle size ∝ share of world exports — country area does not imply volume
DR Congo
20.4% of world copper exports · 2024 trade value
Top 3 exporters: 45.5% of world exports.
DR Congo accounts for 20.4% of the world's exported copper by value — a disruption here travels through the buyers and companies below.
See who depends on it ↓Documented supply-chain relationships — independent of your scenario assumptions.
Copper
Wire and cable manufacturers
power cables · building wire · wiring harnesses
EVs and finished goods
electric vehicles · motors · electronics · home wiring
A copper supply shock would likely first appear in futures and cash bids — timing and size are not established in our sources.
Trade structure
Critical exporters & importers
2024 vintage · annual data, 1–2y lagTop exporters
DR Congodominant
20.4% of world exports
Chile
18% of world exports
Japan
7.1% of world exports
China
4.6% of world exports
Kazakhstan
4.3% of world exports
Next tier: Australia (3.7%), Poland (2.9%), Peru (2.6%)
Top importers
42.1% of world imports34.8% from DR Congo
9.1% of world imports70.4% from Chile
5.4% of world imports
5.3% of world imports
4.2% of world imports
An importer is “critical” here by share of world copper imports; the per-exporter dependency underneath is what makes a shock travel. 2024 vintage · annual data, 1–2y lag — annual data, 1–2y lag.
Pick a shock, move the sliders, see what it would mean.
Market stress data as of Nov 9, 2026 from the commodity supply-risk monitor.