Table 8.21

Refined Copper and Other Metal Prices

Unit: US cents per lb · Cochilco, Anuario Cochilco 2025 · 2000 to 2025

Refined Copper and Other Metal Prices. US cents per lb
Series	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
REFINED COPPER
London Metal Exchange (1)
Annual minimum	72.89	59.83	64.46	70.06	106	139.34	205.79	237.02	125.65	138.37	276.28	307.76	328.92	301.07	286.04	204.82	195.52	247.93	264.13	251.15	209.45	351.78	317.51	354.37	366.75	387.32
Annual maximum	91.13	83.32	76.63	105.28	149.1	210.92	398.62	376.53	407.55	333.21	441.78	460.31	392.72	373.87	337.45	292.48	269.23	327.31	329.42	298.1	361.24	486.46	486.7	428.01	492.47	567.53
Annual average	82.29	71.59	70.65	80.73	130.11	167.09	305.29	323.25	315.32	234.22	341.98	399.66	360.59	332.12	311.26	249.23	220.56	279.68	295.88	272.14	280.35	422.63	399.03	384.55	414.89	451.09
COMEX (2)
Annual minimum	74.2	60.4	65.25	70.9	106.25	139.5	213	240.45	124.75	138.1	275.9	305.45	328.35	302.6	283.55	201.95	193.95	248.1	255.7	251.25	211.95	353.9	321.05	354.2	368.6	398.85
Annual maximum	92.85	86.7	78.35	104.3	154.25	228	407.55	375.4	407.75	332.75	443.95	462.3	397.45	377.55	343.15	295.05	268.9	328.6	329.3	297.55	362.85	477.85	492.9	426.7	511.9	579.5
Annual average	83.97	72.58	71.6	80.99	129.17	168.31	309.91	322.84	313.21	236.54	342.99	400.05	361.18	333.76	311.83	250.66	219.85	280.53	292.38	272.1	280.29	424.94	400.37	385.33	422.05	482.4
Shanghai Futures Exchange (3)
Annual minimum	93.9	75.25	79.57	87.02	123.74	161.13	240.04	306.22	159.13	172.97	330.29	369.06	383.81	360.45	326.22	238.79	239.08	293.53	314.72	291.87	234.03	400.64	366.28	407.18	426.58	446.44
Annual maximum	106.26	96.99	90.04	122.48	177.35	238.19	463.59	438.53	441.27	394.99	484.84	515.18	437.17	431.72	393.44	337.85	319.69	386.44	383.83	340.04	409.67	543.27	535.46	469.41	543.93	649.8
Annual average	100.3	87	84.58	99.57	152.27	193.52	353.9	373.44	357.17	280.13	396.82	464.17	411.73	392.13	360.59	294.42	260.25	330.83	347.31	312.81	321.68	481.16	453.79	436.49	472.08	511.24
OTHER METALS (4)
Aluminium
Annual minimum	63.37	56.38	57.86	59.62	71.44	75.98	102.83	105.07	64.55	56.86	82.94	88.22	81.35	76.88	74.46	64.59	65.91	77.16	84.8	76.97	64.48	88.52	94.35	93.83	95.71	103.65
Annual maximum	79.15	78.79	65.23	72.23	89.09	103.83	148.55	133.95	149.3	102.76	111.63	125.74	104.69	96.3	95.89	87.04	80.6	101.88	118.05	87.23	93.05	144.24	180.73	119.57	122.24	134.63
Annual average	70.28	65.5	61.2	64.95	77.86	86.08	116.43	119.72	116.64	75.64	98.57	108.65	91.55	83.7	84.69	75.33	72.8	89.3	95.71	81.24	77.29	112.47	122.61	102.04	109.72	119.39
Tin
Annual minimum	232.47	163.07	164.2	193.23	284.18	271.7	299.14	461.53	453.59	456.09	678.12	844.14	800.59	874.3	840.51	630.27	600.33	850.94	835.74	712.59	607.81	950.96	802.86	1,008.1	1,089.8	1,280.3
Annual maximum	276.24	238.14	204.12	297.78	458.13	394.63	539.77	784.71	1,156.7	759.54	1,251.9	1,508.4	1,163.5	1,143.1	1,084.3	895.84	995.41	966.15	1,002.7	994.5	931.72	1,859.7	2,270.2	1,453.8	1,618.6	1,983.3
Annual average	246.41	203.43	184.24	222.09	386.13	334.31	397.47	659.32	839.08	616.56	927.47	1,180.3	956.78	1,011.7	993.03	728.93	816.74	911.93	914.13	845.63	778.31	1,482.3	1,416.1	1,177.5	1,369.4	1,547.7
Nickel
Annual minimum	318.88	200.49	255.15	327.04	477.63	521.63	612.58	1,136.5	399.61	426.6	772.69	768.16	689.01	596.93	606.23	370.13	349.72	395.31	480.58	473.55	501.45	721.53	866.36	720.53	678.8	626.64
Annual maximum	483.53	341.78	350.4	756.14	806.03	805.13	1,608.2	2,458.5	1,510.5	955.72	1,251.9	1,316.8	990.19	843.68	961.62	701.03	532.29	581.96	714.41	844.82	800.59	958.67	2,077.2	1,415.2	965.02	747.75
Annual average	391.97	270.03	307.17	437.28	628.3	668.26	1,101.6	1,686.5	953.78	666.78	989.25	1,035.6	794.97	680.55	765.08	535.57	435.84	472.25	595.22	632.15	625.47	838.59	1,161.5	974.04	762.56	687.64
Lead
Annual minimum	18.1	19.53	18.26	19.41	31.59	37.38	41.48	71.44	39.92	44.97	70.69	81.26	79.11	88.41	82.28	70.53	72.44	91.04	84.69	80.2	71.51	86	79.56	90.04	86.41	82.55
Annual maximum	23.52	23.7	24.4	33.54	47.9	52.41	82.05	180.53	156.94	111.02	117.64	133.31	106.14	111.04	102.92	97.07	111.86	117.32	121.7	102.83	96.05	113.58	113.99	105.73	103.92	94.39
Annual average	20.6	21.59	20.53	23.39	40.29	44.25	58.4	117.71	94.56	78.3	97.41	108.76	93.5	97.12	95.07	80.9	84.89	105.12	101.71	90.7	82.81	100.07	97.53	96.99	94.01	89.06
Zinc
Annual minimum	46.52	33.23	32.91	33.61	42.77	52.84	86.73	100.43	47.26	48.06	72.35	79.38	79.81	80.92	88.09	66.29	65.93	110.43	103.74	100.29	80.44	115.17	121.65	100.88	103.67	114.35
Annual maximum	57.92	47.76	38.22	45.72	57.61	86.86	209.54	193.18	128.16	116.57	119.5	115.46	98.82	99.22	109.77	109.09	131.86	152.86	164.11	136.89	128.89	173.05	205.48	159.17	146.85	151.98
Annual average	51.17	40.21	35.31	37.58	47.53	62.67	148.44	147.43	84.82	75.25	97.92	99.36	88.29	86.59	98.18	87.47	95.02	131.36	132.54	115.5	102.83	136.41	157.77	120.05	126.05	130.17

Notes of the table

(1) LME: Cobre Grado A, precio contado de cierre. / LME: Grade A copper, closing cash price.
(2) COMEX: Contrato High Grade, precio de cierre de la primera posición. / COMEX: High Grade contract, closing price of the first nearby contract.
(3) SHFE: Precio de cierre del contrato más transado, convertido a US¢/lb utilizando el tipo de cambio diario. La cotización de Shanghái incluye el IVA de China (17% hasta abril de 2018, 16% hasta marzo de 2019 y 13% desde abril de 2019), por lo que no es estrictamente comparable con las cotizaciones del LME y COMEX, que se transan libres de impuestos. / SHFE: Closing price of the most actively traded contract, converted to US¢/lb using the daily exchange rate. Shanghai quotations include China's VAT (17% until April 2018, 16% until March 2019 and 13% since April 2019), therefore they are not strictly comparable with LME and COMEX quotations, which are traded tax-free.
(4) Todas las series corresponden al precio contado de cierre de la Bolsa de Metales de Londres. / All series correspond to the London Metal Exchange closing cash price.

Source stated in the table

Elaboración propia a partir de información de London Metal Exchange, COMEX y Shanghai Futures Exchange. / Prepared by COCHILCO based on information from the London Metal Exchange, COMEX and Shanghai Futures Exchange.

Source: Chilean Copper Commission (Cochilco), Cochilco, Anuario Cochilco 2025 (XLSX), 2026. Read on Oct 6, 2026.

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n.d.: no data · n.a.: not applicable · “< 1”: less than one unit.